Korea Electric Power Corporation (KEP) Given Consensus Rating of “Hold” by Brokerages

Korea Electric Power Corporation (NYSE:KEP) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company.

Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of Korea Electric Power from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Instinet cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Nomura restated a “neutral” rating on shares of Korea Electric Power in a report on Monday, September 18th. Morgan Stanley cut shares of Korea Electric Power from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. Finally, Goldman Sachs Group cut shares of Korea Electric Power from a “neutral” rating to a “sell” rating in a report on Tuesday, September 26th.

Korea Electric Power (KEP) traded up $0.10 during trading on Monday, reaching $17.58. 245,302 shares of the company traded hands, compared to its average volume of 535,139. Korea Electric Power has a 1-year low of $16.51 and a 1-year high of $21.59. The stock has a market capitalization of $22,443.06, a PE ratio of 5.71, a PEG ratio of 1.19 and a beta of 0.50. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64.

Hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. raised its position in Korea Electric Power by 34.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,818 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 2,014 shares during the period. Bessemer Group Inc. raised its position in Korea Electric Power by 140.4% in the second quarter. Bessemer Group Inc. now owns 7,991 shares of the utilities provider’s stock worth $144,000 after acquiring an additional 4,667 shares during the period. Citigroup Inc. raised its position in Korea Electric Power by 29.8% in the second quarter. Citigroup Inc. now owns 9,579 shares of the utilities provider’s stock worth $172,000 after acquiring an additional 2,201 shares during the period. Sciencast Management LP bought a new stake in Korea Electric Power in the second quarter worth about $181,000. Finally, PNC Financial Services Group Inc. raised its position in Korea Electric Power by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 10,351 shares of the utilities provider’s stock worth $185,000 after acquiring an additional 29 shares during the period. 4.78% of the stock is currently owned by institutional investors and hedge funds.

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About Korea Electric Power

Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. Its segments include transmission and distribution, nuclear power generation and thermal power generation and all others . The transmission and distribution segment, which is operated by KEPCO, comprise operations related to the transmission, distribution and sale to end-users of electricity.

Analyst Recommendations for Korea Electric Power (NYSE:KEP)

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