COSCO SHIPPING (OTCMKTS:CICOY) Raised to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded COSCO SHIPPING (OTCMKTS:CICOY) to a hold, while Goldman Sachs recently cut the stock from hold to strong sell; overall there are two Hold and two Sell ratings, giving an average rating of Reduce.
• The stock opened at $9.62, trading near its 50‑day moving average of $9.56 and above its 200‑day average of $8.92, with a 12‑month range of $7.00 to $10.51.
• COSCO SHIPPING is a major Chinese state‑owned integrated shipping and logistics firm offering container liner, dry bulk and tanker services, port terminal operations, and integrated logistics solutions for global trade.

COSCO SHIPPING (OTCMKTS:CICOY - Get Free Report) was upgraded by equities research analysts at Zacks Research to a "hold" rating in a research note issued to investors on Tuesday,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 note on Thursday, December 18th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Reduce".

COSCO SHIPPING Stock Performance

OTCMKTS CICOY opened at $9.62 on Tuesday. The company's 50-day moving average price is $9.56 and its 200-day moving average price is $8.92. COSCO SHIPPING has a 12 month low of $7.00 and a 12 month high of $10.51.

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.

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