China Shenhua Energy – (CSUAY) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of China Shenhua Energy – (NASDAQ:CSUAY) from a buy rating to a hold rating in a research report released on Wednesday.
According to Zacks, “China Shenhua Energy Company Limited is engaged in production and sales of coal, railway and port transportation of coal-related materials along with power generation and sales. It operates coal mines, railway network and seaports that are mainly used to transport its coal sales. The Company sells coal primarily to power plants and metallurgical producers. In addition, the company generates and sells coal-based power to provincial/regional electric grid companies. It operates a number of railways including Shenshuo-Shuohuang Railway, Huanghua Port, and Shenhua Tianjin Coal Berth. Moreover, China Shenhua also processes large-scale clean power business on a fast growing basis, which complements the Company’s coal business. China Shenhua Energy Company Limited is headquartered in Beijing, the People’s Republic of China. “
Shares of China Shenhua Energy – (CSUAY) traded down 2.03% during mid-day trading on Wednesday, hitting $9.66. The company had a trading volume of 12,124 shares. The company has a market capitalization of $48.03 billion and a PE ratio of 7.87. The company’s 50-day moving average is $9.91 and its 200 day moving average is $9.48. China Shenhua Energy – has a one year low of $7.18 and a one year high of $10.55.
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China Shenhua Energy – Company Profile
China Shenhua Energy Company Limited is a China-based company, principally engaged in port business. The Company is also engaged in the manufacture and sales of coal and electricity, railway and ship transportation, and coal to olefin (CTO) business. The Company’s main coal products are thermal coal and coking coal.
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