StockNews.com Upgrades Korea Electric Power (NYSE:KEP) to “Buy”

Korea Electric Power (NYSE:KEP) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Korea Electric Power Stock Performance

KEP opened at $7.25 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.43 and a quick ratio of 0.30. The business’s 50-day moving average price is $7.40 and its two-hundred day moving average price is $7.66. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 3.36 and a beta of 1.04. Korea Electric Power has a 1 year low of $6.68 and a 1 year high of $9.55.

Hedge Funds Weigh In On Korea Electric Power

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in Korea Electric Power during the third quarter worth about $35,000. GAMMA Investing LLC grew its holdings in Korea Electric Power by 114.7% during the third quarter. GAMMA Investing LLC now owns 6,339 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 3,386 shares during the period. Stifel Financial Corp bought a new position in Korea Electric Power during the third quarter worth about $96,000. Atomi Financial Group Inc. boosted its holdings in shares of Korea Electric Power by 14.3% during the third quarter. Atomi Financial Group Inc. now owns 13,632 shares of the utilities provider’s stock worth $106,000 after acquiring an additional 1,704 shares during the period. Finally, Private Advisor Group LLC bought a new stake in shares of Korea Electric Power during the third quarter worth approximately $114,000.

About Korea Electric Power

Korea Electric Power Corporation, an integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally. The company operates through Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation, and Others segments.