China Shenhua Energy (OTCMKTS:CSUAY) 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 Shenhua Energy Company Limited is engaged in production and sales of coal, railway and port transportation of coal-related materials along with power generation and sales. It operates coal mines, railway network and seaports that are mainly used to transport its coal sales. The Company sells coal primarily to power plants and metallurgical producers. In addition, the company generates and sells coal-based power to provincial/regional electric grid companies. It operates a number of railways including Shenshuo-Shuohuang Railway, Huanghua Port, and Shenhua Tianjin Coal Berth. Moreover, China Shenhua also processes large-scale clean power business on a fast growing basis, which complements the Company’s coal business. China Shenhua Energy Company Limited is headquartered in Beijing, the People’s Republic of China. “
Shares of China Shenhua Energy (OTCMKTS CSUAY) opened at $10.25 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.96. China Shenhua Energy has a 1 year low of $8.47 and a 1 year high of $13.34. The firm has a market cap of $52,309.70, a P/E ratio of 7.77, a PEG ratio of -0.87 and a beta of 1.14.
China Shenhua Energy Company Limited is a China-based company, principally engaged in port business. The Company is also engaged in the manufacture and sales of coal and electricity, railway and ship transportation, and coal to olefin (CTO) business. The Company’s main coal products are thermal coal and coking coal.
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