Zacks Investment Research upgraded shares of COSCO SHIPPING/ADR (OTCMKTS:CICOY) from a sell rating to a hold rating in a research report sent to investors on Friday.
According to Zacks, “China COSCO Holdings Company Limited is engaged in providing container shipping, dry bulk shipping, logistics services, terminal and container leasing for both international and domestic customers. The company engages in the management and operation of container terminals; provision of integrated logistics services, including third party logistics shipping agency and freight forwarding; and container manufacturing business. China COSCO Holdings Company Limited is based in Tianjin, the People’s Republic of China. “
Shares of COSCO SHIPPING/ADR stock opened at $2.03 on Friday. COSCO SHIPPING/ADR has a twelve month low of $1.83 and a twelve month high of $3.12. The stock has a market cap of $1.03 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of -4.50 and a beta of 0.47.
COSCO SHIPPING Holdings Co, Ltd., an investment holding company, engages in the container shipping, container terminals, management, and financing businesses worldwide. It offers container transportation, container stack, cargo storage, vessel management and manning, freight forwarding and transportation, liner agency, shipping agency, marine, vessel owning and chartering, and other international sea transportation services.
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