Zacks Investment Research Downgrades Cosco Shipping Hol (CICOY) to Hold

Cosco Shipping Hol (NASDAQ:CICOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and 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. “

Cosco Shipping Hol (CICOY) opened at 2.18 on Friday. The company has a 50-day moving average of $2.19 and a 200 day moving average of $2.12. Cosco Shipping Hol has a 52-week low of $1.68 and a 52-week high of $2.57. The firm’s market cap is $3.93 billion.

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