Cosco Shipping Hol (CICOY) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Cosco Shipping Hol (NASDAQ:CICOY) from a hold rating to a buy rating in a research report sent to investors on Friday, May 19th. They currently have $2.50 target price on the stock.

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 Hol (NASDAQ CICOY) remained flat at $2.18 during midday trading on Friday. Cosco Shipping Hol has a 52-week low of $1.68 and a 52-week high of $2.57. The company has a 50-day moving average price of $2.19 and a 200 day moving average price of $2.12. The company’s market capitalization is $3.93 billion.

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