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

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

Separately, Zacks Research cut shares of COSCO SHIPPING from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

COSCO SHIPPING Stock Performance

Shares of CICOY traded up $0.21 during midday trading on Thursday, hitting $9.04. 42,067 shares of the company’s stock traded hands, compared to its average volume of 8,175. The firm’s fifty day moving average is $8.37 and its 200-day moving average is $8.63. COSCO SHIPPING has a 1 year low of $6.28 and a 1 year high of $9.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 1.56.

About COSCO SHIPPING

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.