CLP Holdings Limited (NASDAQ:CLPHY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “CLP HOLDINGS Limited, a company listed on the Hong Kong Stock Exchange, is the holding company for the CLP Group, which is one of the largest investor-owned power businesses in Asia. Through CLP Power Hong Kong, it operates a vertically integrated electricity supply business in Hong Kong, and provides a highly reliable supply of electricity and excellent customer services to over 5.5 million people in its supply area. The CLP Group also invests in energy businesses outside Hong Kong. It is the largest external investor in the Chinese mainland electricity industry, and a leading international private sector power company in the Asia-Pacific region with an integrated energy business in Australia and interests in generating assets in India, Taiwan and Thailand. “
Shares of CLP Holdings Limited (CLPHY) traded down 1.28% during trading on Monday, hitting $10.06. 630,618 shares of the stock traded hands. The stock has a 50-day moving average of $10.38 and a 200 day moving average of $10.59. CLP Holdings Limited has a 1-year low of $9.05 and a 1-year high of $11.00.
COPYRIGHT VIOLATION NOTICE: This article was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2017/10/09/clp-holdings-limited-clphy-upgraded-to-hold-by-zacks-investment-research.html.
CLP Holdings Limited Company Profile
CLP Holdings Limited is an investment holding company. The principal activities of the Company’s subsidiaries are the generation and supply of electricity in Hong Kong, India and Australia, and investment holding of power projects in Mainland China, Southeast Asia and Taiwan. The Company is an operator in the energy sector of the Asia-Pacific region.
Receive News & Ratings for CLP Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CLP Holdings Limited and related companies with MarketBeat.com's FREE daily email newsletter.