The stock of Korea Electric Power Corporation (ADR) (NYSE:KEP) is a huge mover today! About 455,867 shares traded hands. Korea Electric Power Corporation (ADR) (NYSE:KEP) has declined 23.65% since April 13, 2016 and is downtrending. It has underperformed by 27.58% the S&P500.
The move comes after 7 months positive chart setup for the $25.96 billion company. It was reported on Nov, 15 by Barchart.com. We have $29.24 PT which if reached, will make NYSE:KEP worth $11.16 billion more.
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 rating was downgraded by Morgan Stanley on Tuesday, June 21 to “Equal-Weight”. The firm earned “Underperform” rating on Monday, March 7 by Bank of America. The stock of Korea Electric Power Corporation (ADR) (NYSE:KEP) has “Sell” rating given on Wednesday, August 26 by Zacks.
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 news for Korea Electric Power Corporation (ADR) (NYSE:KEP) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Benzinga.com‘s article titled: “Mid-Day Market Update: Dow Gains Over 300 Points; Concordia International …” and published on November 07, 2016 is yet another important article.
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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