The stock of Korea Electric Power Corporation (ADR) (NYSE:KEP) is a huge mover today! The stock decreased 4.69% or $1.01 on November 4, hitting $20.51. About 863,199 shares traded hands or 52.54% up from the average. Korea Electric Power Corporation (ADR) (NYSE:KEP) has declined 14.49% since April 4, 2016 and is downtrending. It has underperformed by 15.58% the S&P500.
The move comes after 5 months negative chart setup for the $26.38B company. It was reported on Nov, 4 by Barchart.com. We have $18.66 PT which if reached, will make NYSE:KEP worth $2.37B less.
Korea Electric Power Corporation (ADR) (NYSE:KEP) Ratings Coverage
Out of 2 analysts covering Korea Electric Power (NYSE:KEP), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Korea Electric Power has been the topic of 3 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock of Korea Electric Power Corporation (ADR) (NYSE:KEP) has “Sell” rating given on Wednesday, August 26 by Zacks. As per Tuesday, June 21, the company rating was downgraded by Morgan Stanley. The stock of Korea Electric Power Corporation (ADR) (NYSE:KEP) earned “Underperform” rating by Bank of America on Monday, March 7.
According to Zacks Investment Research, “Korea Electric Power Corporation generates and supplies electric power to its customers, both industrial and residential. The Korean government owns the majority of the company.”
More recent Korea Electric Power Corporation (ADR) (NYSE:KEP) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Also Nasdaq.com published the news titled: “Asian ADRs Move Lower in Friday Trading” on November 04, 2016. Benzinga.com‘s news article titled: “Mid-Morning Market Update: Markets Edge Lower; Bank of America Profit Tops Views” with publication date: October 17, 2016 was also an interesting one.
KEP Company Profile
Korea Electric Power Corporation (KEPCO), incorporated on July 1, 1961, is an integrated electric utility firm engaged in the transmission and distribution of electricity in Korea. Through its approximately six wholly owned generation subsidiaries, the Company also generates the electricity in Korea. The Company’s divisions include transmission and distribution, nuclear power generation and thermal power generation and all others. The transmission and distribution segment, which is operated by KEPCO, the parent company, consists of activities related to the transmission, distribution and sale to end-users of electricity purchased from its generation subsidiaries, as well as from independent power producers. The power generation segment, which is operated by the Company’s one nuclear generation subsidiary and approximately five thermal generation subsidiaries, consists of activities related to the generation of electricity sold to KEPCO through the Korea Power Exchange. The transmission and distribution segment, and the power generation segment together represent the Company’s electricity business. The remainder of its operation is categorized as all others. The all other segment consists primarily of activities related to the plant maintenance and engineering service, information services, and sales of nuclear fuel, communication line leasing, overseas businesses and others.
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