CLP (CLPHY) Downgraded by Zacks Investment Research

CLP (OTCMKTS:CLPHY) 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, “CLP HOLDINGS Limited, a company listed on the Hong Kong Stock Exchange, is the holding company for the CLP Group, which is one of the largest investor-owned power businesses in Asia. Through CLP Power Hong Kong, it operates a vertically integrated electricity supply business in Hong Kong, and provides a highly reliable supply of electricity and excellent customer services to over 5.5 million people in its supply area. The CLP Group also invests in energy businesses outside Hong Kong. It is the largest external investor in the Chinese mainland electricity industry, and a leading international private sector power company in the Asia-Pacific region with an integrated energy business in Australia and interests in generating assets in India, Taiwan and Thailand. “

How to Become a New Pot Stock Millionaire

Separately, ValuEngine cut CLP from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.

Shares of CLP (CLPHY) traded down $0.11 on Friday, hitting $10.17. The company’s stock had a trading volume of 45,222 shares, compared to its average volume of 102,934. CLP has a 12 month low of $9.45 and a 12 month high of $11.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.74 and a current ratio of 0.84.

ILLEGAL ACTIVITY WARNING: This news story was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3294096/clp-clphy-downgraded-by-zacks-investment-research.html.

About CLP

CLP Holdings Limitedis an investment holding company mainly engaged in the generation and supply of electricity. The Company operates a portfolio of generating assets, harnessing a wide range of fuels including coal, gas, nuclear, wind, hydro and solar. Its business also includes transmission and distribution, and electricity and gas retail activities.

Receive News & Ratings for CLP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CLP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Entegra Financial  PT Set at $33.00 by Sandler O’Neill
Entegra Financial PT Set at $33.00 by Sandler O’Neill
Extra Space Storage  Set to Announce Earnings on Tuesday
Extra Space Storage Set to Announce Earnings on Tuesday
MGM Growth Properties  Scheduled to Post Quarterly Earnings on Thursday
MGM Growth Properties Scheduled to Post Quarterly Earnings on Thursday
-$0.22 Earnings Per Share Expected for Fate Therapeutics  This Quarter
-$0.22 Earnings Per Share Expected for Fate Therapeutics This Quarter
Akorn  Receives “Hold” Rating from Craig Hallum
Akorn Receives “Hold” Rating from Craig Hallum
Bilibili  Coverage Initiated at Morgan Stanley
Bilibili Coverage Initiated at Morgan Stanley


© 2006-2018 Ticker Report. Google+.