China Coal Energy (OTCMKTS:CCOZY) Cut to “Strong Sell” at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of China Coal Energy (OTCMKTS:CCOZY) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

China Coal Energy Price Performance

Shares of OTCMKTS CCOZY opened at $25.90 on Wednesday. China Coal Energy has a fifty-two week low of $18.81 and a fifty-two week high of $28.10. The company has a 50 day simple moving average of $24.53 and a two-hundred day simple moving average of $23.13. The company has a market capitalization of $17.17 billion, a price-to-earnings ratio of 6.51 and a beta of -0.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.24.

China Coal Energy (OTCMKTS:CCOZY) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.01 EPS for the quarter. China Coal Energy had a net margin of 10.70% and a return on equity of 10.19%. The firm had revenue of $6.62 billion for the quarter. Analysts expect that China Coal Energy will post 4.01 EPS for the current fiscal year.

About China Coal Energy

China Coal Energy Company Limited primarily engages in the coal production and trading and coal chemical businesses in the People's Republic of China and internationally. The company offers polyolefin, methanol, urea, and other coal chemical products. It is also involved in the coal mining equipment manufacturing, pithead power generation, and other activities.