The Goldman Sachs Group Downgrades China Coal Energy (OTCMKTS:CCOZY) to Strong Sell

The Goldman Sachs Group cut 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 Price Performance

CCOZY stock 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 debt-to-equity ratio of 0.27, a current ratio of 1.24 and a quick ratio of 1.16. The business has a 50-day moving average of $24.53 and a 200-day moving average of $23.13. The stock has a market capitalization of $17.17 billion, a P/E ratio of 6.51 and a beta of -0.13.

China Coal Energy (OTCMKTS:CCOZY) last announced its earnings results on Wednesday, October 23rd. The company reported $1.01 EPS for the quarter. The business had revenue of $6.62 billion during the quarter. China Coal Energy had a net margin of 10.70% and a return on equity of 10.19%. On average, sell-side analysts anticipate that China Coal Energy will post 4.01 earnings per share 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.