Cosco Shipping Hol (NASDAQ:CICOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $3.75 price objective on the stock. Zacks Investment Research‘s price objective points to a potential upside of 16.46% from the stock’s previous close.

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) opened at 3.22 on Wednesday. The firm’s market cap is $7.54 billion. Cosco Shipping Hol has a one year low of $1.68 and a one year high of $3.44. The company’s 50-day moving average is $3.22 and its 200 day moving average is $2.53.

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