COSCO SHIPPING/ADR (CICOY) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of COSCO SHIPPING/ADR (OTCMKTS:CICOY) from a sell rating to a hold rating in a research note released on Tuesday morning.
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 OTCMKTS:CICOY opened at $2.14 on Tuesday. The company has a market cap of $1.09 billion, a PE ratio of 11.26, a PEG ratio of -5.35 and a beta of 0.55. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.85 and a current ratio of 0.90. COSCO SHIPPING/ADR has a 12 month low of $1.93 and a 12 month high of $3.32.
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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