UBS Group Upgrades COSCO SHIPPING (OTCMKTS:CICOY) to “Hold”

COSCO SHIPPING (OTCMKTS:CICOY) was upgraded by stock analysts at UBS Group from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Zacks Research lowered shares of COSCO SHIPPING from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, COSCO SHIPPING presently has an average rating of “Reduce”.

COSCO SHIPPING Price Performance

COSCO SHIPPING stock opened at $9.04 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 1.56. The business has a 50 day simple moving average of $8.37 and a 200-day simple moving average of $8.63. COSCO SHIPPING has a 12 month low of $6.28 and a 12 month high of $9.90.

COSCO SHIPPING Company Profile

COSCO SHIPPING Holdings Co, Ltd., an investment holding company, engages in the container shipping, managing and operating container terminals, and other terminal related businesses in the United States, Europe, the Asia Pacific, Mainland China, and internationally. It operates through Container Shipping Business and Terminal Business segments.