COSCO SHIPPING (CICOF) Projected to Post Earnings on Thursday

COSCO SHIPPING (OTCMKTS:CICOF) is expected to be announcing its results before the market opens on Thursday, March 19th. Analysts expect the company to announce earnings of $0.1458 per share and revenue of $7.2859 billion for the quarter.

COSCO SHIPPING Stock Performance

COSCO SHIPPING stock opened at $1.98 on Tuesday. COSCO SHIPPING has a 52 week low of $1.14 and a 52 week high of $2.08. The firm’s 50-day simple moving average is $1.81 and its 200 day simple moving average is $1.74.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of COSCO SHIPPING from a “neutral” rating to a “sell” rating in a research report on Thursday, December 18th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About COSCO SHIPPING

COSCO SHIPPING (OTCMKTS:CICOF) is a global integrated shipping enterprise specializing in container liner services, bulk cargo transportation and comprehensive logistics solutions. As one of the world’s leading container carriers, the company operates a modern fleet of container vessels, dry bulk carriers and multipurpose ships. Its core offerings include scheduled liner services across key trade lanes, chartering services, ship management and terminal operations.

The company delivers end-to-end supply chain support through its logistics arm, which provides warehousing, inland transportation, freight forwarding and intermodal container services.