The Goldman Sachs Group Upgrades China Coal Energy (OTCMKTS:CCOZY) to “Strong-Buy”

China Coal Energy (OTCMKTS:CCOZYGet Free Report) was upgraded by analysts at The Goldman Sachs Group from a “strong sell” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

China Coal Energy Price Performance

Shares of China Coal Energy stock opened at $27.50 on Monday. The firm has a market cap of $18.23 billion, a price-to-earnings ratio of 6.91 and a beta of -0.18. The stock has a 50-day simple moving average of $27.52 and a 200-day simple moving average of $26.32. China Coal Energy has a 52-week low of $18.64 and a 52-week high of $29.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.05 and a quick ratio of 0.98.

China Coal Energy Company Profile

(Get Free Report)

China Coal Energy Co, Ltd. is a major coal producer and integrated energy company in the People’s Republic of China. It operates as the publicly traded arm of the state-owned China National Coal Group and has securities available on mainland and Hong Kong exchanges, with a U.S. over-the-counter quotation under the symbol CCOZY. The company’s business model centers on upstream production and downstream processing of coal and related energy products.

The company’s core activities include coal mining, washing and processing, and the sale and distribution of thermal and coking coal to industrial and utility customers.

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