Zacks Investment Research cut shares of COSCO SHIPPING Holdings Co., Ltd. (NASDAQ:CICOY) from a hold rating to a sell rating in a report released on Thursday morning.

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. “

Shares of COSCO SHIPPING Holdings Co. (CICOY) remained flat at $$2.57 on Thursday. COSCO SHIPPING Holdings Co. has a one year low of $1.71 and a one year high of $3.44.

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