China Shenhua Energy – (CSUAY) Rating Lowered to Hold at Zacks Investment Research
China Shenhua Energy – (NASDAQ:CSUAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
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. “
Shares of China Shenhua Energy – (NASDAQ:CSUAY) opened at 10.37 on Thursday. The stock has a market cap of $51.56 billion and a price-to-earnings ratio of 8.53. The stock’s 50 day moving average is $9.84 and its 200-day moving average is $9.39. China Shenhua Energy – has a 12-month low of $6.92 and a 12-month high of $10.55.
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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.
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