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.
TRADEMARK VIOLATION NOTICE: This news story was reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/2654148/zacks-investment-research-downgrades-cosco-shipping-hol-cicoy-to-hold.html.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cosco Shipping Hol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cosco Shipping Hol and related companies with MarketBeat.com's FREE daily email newsletter.