Korea Electric Power Corporation (NYSE:KEP – Get Free Report) gapped down prior to trading on Wednesday after Morgan Stanley downgraded the stock from an equal weight rating to an underweight rating. The stock had previously closed at $13.12, but opened at $12.42. Korea Electric Power shares last traded at $12.4340, with a volume of 369,095 shares changing hands.
A number of other brokerages have also recently commented on KEP. Zacks Research cut Korea Electric Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 31st. Weiss Ratings raised shares of Korea Electric Power from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded shares of Korea Electric Power from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Bank of America cut shares of Korea Electric Power from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Korea Electric Power presently has an average rating of “Reduce”.
Get Our Latest Research Report on Korea Electric Power
Hedge Funds Weigh In On Korea Electric Power
Korea Electric Power Stock Performance
The company’s 50-day moving average price is $15.06 and its 200 day moving average price is $17.25. The stock has a market capitalization of $15.97 billion, a PE ratio of 2.63, a PEG ratio of 1.91 and a beta of 0.99. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.31 and a current ratio of 0.46.
Korea Electric Power (NYSE:KEP – Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The utilities provider reported ($0.10) EPS for the quarter. The company had revenue of $13.61 billion during the quarter. Korea Electric Power had a return on equity of 18.76% and a net margin of 8.80%. On average, equities research analysts expect that Korea Electric Power Corporation will post 3.29 earnings per share for the current fiscal year.
Korea Electric Power Company Profile
Korea Electric Power (KEP) is a South Korea–based integrated electric utility engaged in the generation, transmission and distribution of electricity. The company’s activities span power plant operation and maintenance, grid management, fuel procurement and power trading, as well as engineering, procurement and construction (EPC) services for large-scale power projects. Its asset base includes a mix of thermal, nuclear, hydro and renewable generation capacity, and the company supports system planning and reliability functions for the national electricity network.
In addition to core utility operations, KEP provides a range of technical and consulting services tied to power infrastructure, including plant construction, refurbishment and decommissioning support.
Read More
- Five stocks we like better than Korea Electric Power
- Tesla Ends Model S and X Era, Bets Everything on What’s Next
- Why AST SpaceMobile Is the Bigger Winner of the AT&T, T-Mobile, and Verizon Joint Venture
- Strategy Inc. Buys Bitcoin and Eyes a Dividend Amid Market Fear
- Vertical Aerospace: Pre-Flight Checks Point to a Breakout
Receive News & Ratings for Korea Electric Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korea Electric Power and related companies with MarketBeat.com's FREE daily email newsletter.
