COSCO SHIPPING/ADR (CICOY) Raised to “Buy” at Zacks Investment Research

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COSCO SHIPPING/ADR (OTCMKTS:CICOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm presently has a $2.25 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 7.66% from the stock’s current price.

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. “

CICOY stock remained flat at $$2.09 during trading on Friday. The company has a market capitalization of $4.27 billion, a P/E ratio of 11.00 and a beta of 0.76. COSCO SHIPPING/ADR has a 12-month low of $1.73 and a 12-month high of $2.95. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.03.

About COSCO SHIPPING/ADR

COSCO SHIPPING Holdings Co, Ltd., an investment holding company, engages in the container shipping, container terminals, management, and financing businesses worldwide. It offers container transportation, container stack, cargo storage, vessel management and manning, freight forwarding and transportation, liner agency, shipping agency, marine, vessel owning and chartering, and other international sea transportation services.

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