POSCO (NYSE:PKX) was upgraded by equities research analysts at CLSA from an “underperform” rating to an “outperform” rating in a research report issued on Thursday, The Fly reports.

A number of other brokerages also recently commented on PKX. BidaskClub upgraded POSCO from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. UBS AG upgraded POSCO from a “neutral” rating to a “buy” rating in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $64.00.

Shares of POSCO (PKX) traded up 2.50% during trading on Thursday, reaching $72.95. The company’s stock had a trading volume of 280,071 shares. POSCO has a 1-year low of $46.87 and a 1-year high of $73.51. The company has a market capitalization of $23.34 billion, a PE ratio of 14.58 and a beta of 1.09. The stock has a 50 day moving average of $63.05 and a 200-day moving average of $60.69.

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A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in POSCO by 10.6% in the first quarter. Bank of America Corp DE now owns 314,202 shares of the basic materials company’s stock valued at $20,267,000 after buying an additional 30,009 shares in the last quarter. Comerica Bank raised its position in POSCO by 12.1% in the fourth quarter. Comerica Bank now owns 20,400 shares of the basic materials company’s stock valued at $1,161,000 after buying an additional 2,202 shares in the last quarter. Jane Street Group LLC raised its position in POSCO by 1,544.3% in the first quarter. Jane Street Group LLC now owns 102,853 shares of the basic materials company’s stock valued at $6,634,000 after buying an additional 96,598 shares in the last quarter. AQR Capital Management LLC raised its position in POSCO by 9.9% in the fourth quarter. AQR Capital Management LLC now owns 9,330 shares of the basic materials company’s stock valued at $490,000 after buying an additional 839 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in POSCO by 8.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 51,017 shares of the basic materials company’s stock valued at $3,274,000 after buying an additional 4,000 shares in the last quarter. Institutional investors own 6.07% of the company’s stock.

POSCO Company Profile

POSCO is an integrated steel producer. The Company operates in four segments: steel, trading, engineering and 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.

The Fly

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