KEP shares surpass $7.19 200-day moving average after Citigroup upgrades rating to "buy".
Korea Electric Power (KEP) shares surpassed their 200-day moving average of $7.19, trading at $9.55 after Citigroup upgraded the company from a "sell" to a "buy" rating on February 26th. KEP, an integrated electric utility company, reported Q1 EPS of $0.73 and $17.08 billion revenue, despite a negative net margin of 5.65%. Several hedge funds have increased their stakes in the company.
March 16, 2024
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