Cosco Shipping Hol (CICOY) Raised to Buy at Zacks Investment Research

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.

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