Zacks Investment Research upgraded shares of Cosco Shipping Hol (NASDAQ:CICOY) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. Zacks Investment Research currently has $3.75 price objective on the stock.
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. “
Shares of Cosco Shipping Hol (NASDAQ:CICOY) remained flat at $3.22 during trading on Wednesday. The company’s 50-day moving average is $3.22 and its 200-day moving average is $2.54. The firm’s market capitalization is $7.54 billion. Cosco Shipping Hol has a 52 week low of $1.68 and a 52 week high of $3.44.
WARNING: “Cosco Shipping Hol (CICOY) Raised to Buy at Zacks Investment Research” was originally published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://transcriptdaily.com/2017/09/17/cosco-shipping-hol-cicoy-raised-to-buy-at-zacks-investment-research.html.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cosco Shipping Hol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cosco Shipping Hol and related companies with MarketBeat.com's FREE daily email newsletter.