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

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

China Coal Energy Stock Performance

Shares of China Coal Energy stock opened at $25.90 on Wednesday. The company’s fifty day simple moving average is $24.53 and its 200-day simple moving average is $23.13. The stock has a market capitalization of $17.17 billion, a PE ratio of 6.51 and a beta of -0.13. China Coal Energy has a 1-year low of $18.81 and a 1-year high of $28.10. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.24 and a quick ratio of 1.16.

China Coal Energy (OTCMKTS:CCOZY) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.01 earnings per share for the quarter. The business had revenue of $6.62 billion for the quarter. China Coal Energy had a net margin of 10.70% and a return on equity of 10.19%. As a group, equities analysts anticipate that China Coal Energy will post 4.01 earnings per share for the current 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.