COSCO SHIPPING (CICOY) to Announce Earnings on Thursday

COSCO SHIPPING (OTCMKTS:CICOY) is projected to release its resultson Thursday, March 19th. Analysts expect COSCO SHIPPING to post earnings of $0.7240 per share and revenue of $15.3162 billion for the quarter.

COSCO SHIPPING Price Performance

Shares of OTCMKTS CICOY opened at $9.66 on Thursday. The business has a fifty day moving average price of $9.04 and a two-hundred day moving average price of $8.75. The company has a quick ratio of 1.50, a current ratio of 1.56 and a debt-to-equity ratio of 0.11. COSCO SHIPPING has a fifty-two week low of $6.28 and a fifty-two week high of $10.51.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut COSCO SHIPPING from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 18th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

COSCO SHIPPING Company Profile

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.