China Coal Energy (OTCMKTS:CCOZY) Cut to “Strong Sell” at The Goldman Sachs Group

China Coal Energy (OTCMKTS:CCOZY) was downgraded by The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

China Coal Energy Price Performance

China Coal Energy stock opened at $25.90 on Wednesday. The business’s 50 day simple moving average is $24.53 and its 200 day simple moving average is $23.13. China Coal Energy has a 12 month low of $18.81 and a 12 month high of $28.10. The company has a market cap of $17.17 billion, a price-to-earnings ratio of 6.51 and a beta of -0.13. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

China Coal Energy (OTCMKTS:CCOZY) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.01 EPS for the quarter. China Coal Energy had a return on equity of 10.19% and a net margin of 10.70%. The firm had revenue of $6.62 billion for the quarter. Sell-side analysts forecast that China Coal Energy will post 4.01 EPS for the current year.

China Coal Energy Company Profile

China Coal Energy Company Limited primarily engages in the coal production and trading and coal chemical businesses in the People's Republic of China and internationally. The company offers polyolefin, methanol, urea, and other coal chemical products. It is also involved in the coal mining equipment manufacturing, pithead power generation, and other activities.