Korea Electric Power (KEP) Downgraded by ValuEngine

ValuEngine downgraded shares of Korea Electric Power (NYSE:KEP) from a hold rating to a sell rating in a report published on Thursday, ValuEngine reports.

A number of other research firms have also recently commented on KEP. Nomura upgraded Korea Electric Power from a neutral rating to a buy rating in a research note on Wednesday, January 2nd. Jefferies Financial Group cut Korea Electric Power from a buy rating to a hold rating in a research note on Monday, January 28th. Finally, Zacks Investment Research upgraded Korea Electric Power from a hold rating to a strong-buy rating and set a $18.00 price target on the stock in a research note on Thursday, January 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Korea Electric Power has an average rating of Buy and a consensus target price of $18.00.

NYSE:KEP opened at $12.60 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.90 and a quick ratio of 0.57. Korea Electric Power has a 52 week low of $10.52 and a 52 week high of $17.57.

Korea Electric Power (NYSE:KEP) last released its quarterly earnings results on Monday, March 11th. The utilities provider reported ($0.56) EPS for the quarter. Korea Electric Power had a negative return on equity of 1.74% and a negative net margin of 2.03%. The firm had revenue of $13.81 billion for the quarter. Equities analysts forecast that Korea Electric Power will post 0.85 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Comerica Bank increased its position in shares of Korea Electric Power by 1.2% during the fourth quarter. Comerica Bank now owns 74,959 shares of the utilities provider’s stock worth $1,104,000 after acquiring an additional 871 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Korea Electric Power by 16.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,089 shares of the utilities provider’s stock worth $150,000 after acquiring an additional 1,452 shares during the period. GAM Holding AG increased its position in shares of Korea Electric Power by 1.3% during the fourth quarter. GAM Holding AG now owns 116,653 shares of the utilities provider’s stock worth $1,721,000 after acquiring an additional 1,500 shares during the period. Rehmann Capital Advisory Group increased its position in shares of Korea Electric Power by 204.9% during the third quarter. Rehmann Capital Advisory Group now owns 2,293 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 1,541 shares during the period. Finally, Quantamental Technologies LLC purchased a new stake in shares of Korea Electric Power during the fourth quarter worth $35,000. 4.11% of the stock is currently owned by institutional investors and hedge funds.

Korea Electric Power Company Profile

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea and internationally. The company operates through Transmission and Distribution, Electric Power Generation (Nuclear), Electric Power Generation (Non-nuclear), Plant Maintenance & Engineering Service, and Others segments.

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