Cosco Shipping Hol (CICOY) Lifted 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 report released on Wednesday. The firm currently has $3.75 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 $3.22 on Wednesday. The firm has a 50 day moving average price of $3.22 and a 200-day moving average price of $2.54. The stock’s market capitalization is $7.54 billion. Cosco Shipping Hol has a 52-week low of $1.68 and a 52-week high of $3.44.

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