China Coal Energy (OTCMKTS:CCOZY) Downgraded to Strong Sell Rating by The Goldman Sachs Group

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

China Coal Energy Stock Performance

OTCMKTS:CCOZY opened at $25.90 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.24. The company has a market capitalization of $17.17 billion, a P/E ratio of 6.51 and a beta of -0.13. China Coal Energy has a 52 week low of $18.81 and a 52 week high of $28.10. The stock’s 50 day moving average price is $24.53 and its 200 day moving average price is $23.13.

China Coal Energy (OTCMKTS:CCOZY) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.01 EPS for the quarter. China Coal Energy had a return on equity of 10.19% and a net margin of 10.70%. The company had revenue of $6.62 billion during the quarter. On average, research analysts forecast 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.