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Zacks Investment Research Downgrades COSCO SHIPPING (OTCMKTS:CICOY) to Hold

COSCO SHIPPING (OTCMKTS:CICOYGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, reports.

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. “

COSCO SHIPPING stock traded down $0.14 during trading hours on Friday, reaching $8.76. 5,280 shares of the company’s stock traded hands, compared to its average volume of 7,007. COSCO SHIPPING has a fifty-two week low of $6.43 and a fifty-two week high of $14.72. The firm’s 50 day moving average is $8.26 and its 200-day moving average is $8.90.

COSCO SHIPPING Company Profile (Get Rating)

COSCO SHIPPING Holdings Co, Ltd., an investment holding company, engages in the container shipping, container terminals, and other terminal related businesses in the United States, Europe, the Asia Pacific, Mainland China, and internationally. The company operates through Container Shipping Business and Terminal Business segments.

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