COSCO SHIPPING (OTCMKTS:CICOY) Upgraded by UBS Group to Hold Rating

UBS Group upgraded shares of COSCO SHIPPING (OTCMKTS:CICOY) from a strong sell rating to a hold rating in a report published on Thursday,Zacks.com reports.

Separately, Zacks Research downgraded shares of COSCO SHIPPING from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

COSCO SHIPPING Trading Up 2.4%

CICOY traded up $0.21 during midday trading on Thursday, hitting $9.04. 42,067 shares of the company’s stock traded hands, compared to its average volume of 8,175. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.56 and a quick ratio of 1.50. The stock’s fifty day simple moving average is $8.37 and its 200-day simple moving average is $8.63. COSCO SHIPPING has a one year low of $6.28 and a one year high of $9.90.

COSCO SHIPPING Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, November 10th. Shareholders of record on Thursday, September 25th will be issued a $0.2832 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a yield of 1,282.0%.

About COSCO SHIPPING

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