Zacks Investment Research upgraded shares of CHINA COAL ENER/ADR (OTCMKTS:CCOZY) from a hold rating to a buy rating in a report released on Tuesday morning, Zacks.com reports. They currently have $8.75 price objective on the stock.
According to Zacks, “China Coal Energy Company Limited is engaged in integrating engineering and technological service businesses comprising of coal production, sales and trading. It deals in coal chemical, coal mining equipment manufacturing, pit mouth power generation, coal mine design etc. The main businesses of the Company are coking operations, coal mining equipment manufacturing and coal mine design and consultation. Coal business involves in production and distribution of steam coal and coking coal. Coking business provides metallurgy coke and forging coke. Coke mining equipment business offers hydraulic supports, scraper conveyors, loaders, boring machines, shearers and mining electrical motors, among others. China Coal Energy Company Limited is headquartered in Beijing, China. “
Separately, Credit Suisse Group raised shares of CHINA COAL ENER/ADR from an underperform rating to a neutral rating in a research report on Wednesday, April 24th.
About CHINA COAL ENER/ADR
China Coal Energy Company Limited primarily mines for, processes, produces, and sells coal in the People's Republic of China and internationally. It operates through Coal, Coal-Chemical, Mining Machinery, and Others segments. The company offers thermal and coking coal. It also produces and sells polyolefin, methanol, urea, and other coal chemical products, as well as coke; researches and develops, designs, manufactures, and sells coal mining machinery and equipment; and provides after-sales services.
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