COSCO SHIPPING (OTCMKTS:CICOY) Upgraded at Zacks Research

Zacks Research upgraded shares of COSCO SHIPPING (OTCMKTS:CICOY) to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Separately, The Goldman Sachs Group lowered shares of COSCO SHIPPING from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 18th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

COSCO SHIPPING Stock Performance

OTCMKTS CICOY opened at $9.60 on Tuesday. The company has a 50-day simple moving average of $9.58 and a two-hundred day simple moving average of $8.93. COSCO SHIPPING has a 12-month low of $7.00 and a 12-month high of $10.51.

About COSCO SHIPPING

COSCO SHIPPING (OTCMKTS:CICOY) is the international trading name of a major Chinese state-owned integrated shipping and logistics company. The firm provides ocean transport and related maritime services across a broad range of cargo types, and it operates as part of China’s strategic shipping sector. The company’s activities cover container liner shipping, dry bulk and tanker services, terminal operations, and integrated logistics solutions that support global trade flows.

Core services include scheduled container shipping on major east–west and regional trade lanes, bulk carrier and tanker operations for commodity transport, and ownership or management of port terminals and stevedoring facilities.