Somewhat Positive News Coverage Somewhat Unlikely to Affect POSCO (PKX) Stock Price

Media coverage about POSCO (NYSE:PKX) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. POSCO earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 46.7645491469511 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern’s analysis:

Several analysts recently commented on PKX shares. CLSA raised shares of POSCO from an “underperform” rating to an “outperform” rating in a research note on Thursday, July 20th. BidaskClub raised shares of POSCO from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Standpoint Research lowered shares of POSCO from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, UBS AG raised shares of POSCO from a “neutral” rating to a “buy” rating in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $64.00.

POSCO (NYSE:PKX) traded down 0.67% during midday trading on Friday, hitting $73.75. 165,223 shares of the stock were exchanged. POSCO has a one year low of $47.45 and a one year high of $77.76. The company has a 50 day moving average price of $73.79 and a 200 day moving average price of $64.81. The firm has a market capitalization of $23.60 billion, a price-to-earnings ratio of 13.20 and a beta of 1.12.

TRADEMARK VIOLATION NOTICE: “Somewhat Positive News Coverage Somewhat Unlikely to Affect POSCO (PKX) Stock Price” was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/09/11/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-posco-pkx-stock-price.html.

About POSCO

POSCO is a Korea-based company principally engaged in the manufacture and distribution of steel products. The Company operates in four segments: steel, trading, construction, and others. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of POSCO Daewoo Corporation, exporting and importing a range of steel products that are both obtained from and supplied to it, as well as between other suppliers and purchasers in Korea and overseas.

Insider Buying and Selling by Quarter for POSCO (NYSE:PKX)

Receive News & Ratings for POSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POSCO and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply