Zacks Investment Research upgraded shares of China Shenhua Energy (OTCMKTS:CSUAY) from a hold rating to a buy rating in a research note released on Wednesday morning. Zacks Investment Research currently has $11.00 price objective on the stock.
According to Zacks, “China Shenhua Energy Company Limited is engaged in production and sales of coal, railway and port transportation of coal-related materials along with power generation and sales. It operates coal mines, railway network and seaports that are mainly used to transport its coal sales. The Company sells coal primarily to power plants and metallurgical producers. In addition, the company generates and sells coal-based power to provincial/regional electric grid companies. It operates a number of railways including Shenshuo-Shuohuang Railway, Huanghua Port, and Shenhua Tianjin Coal Berth. Moreover, China Shenhua also processes large-scale clean power business on a fast growing basis, which complements the Company’s coal business. China Shenhua Energy Company Limited is headquartered in Beijing, the People’s Republic of China. “
Separately, ValuEngine cut China Shenhua Energy from a buy rating to a hold rating in a report on Monday, April 2nd.
CSUAY opened at $9.83 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.14 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $48,630.12, a PE ratio of 7.41, a price-to-earnings-growth ratio of -0.80 and a beta of 1.23. China Shenhua Energy has a 12 month low of $8.47 and a 12 month high of $13.34.
WARNING: This article was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/07/china-shenhua-energy-csuay-upgraded-at-zacks-investment-research.html.
China Shenhua Energy Company Profile
China Shenhua Energy Company Limited is a China-based company, principally engaged in port business. The Company is also engaged in the manufacture and sales of coal and electricity, railway and ship transportation, and coal to olefin (CTO) business. The Company’s main coal products are thermal coal and coking coal.
Get a free copy of the Zacks research report on China Shenhua Energy (CSUAY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for China Shenhua Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Shenhua Energy and related companies with MarketBeat.com's FREE daily email newsletter.