China Shenhua Energy (CSUAY) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of China Shenhua Energy (OTCMKTS:CSUAY) from a hold rating to a buy rating in a research note published on Thursday morning. Zacks Investment Research currently has $11.00 price objective on the stock.

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. “

Separately, ValuEngine cut China Shenhua Energy from a buy rating to a hold rating in a research note on Monday, April 2nd.

Shares of CSUAY remained flat at $$10.10 during midday trading on Thursday. The stock had a trading volume of 505,456 shares, compared to its average volume of 61,183. The company has a quick ratio of 1.04, a current ratio of 1.14 and a debt-to-equity ratio of 0.19. The stock has a market cap of $50,221.29, a PE ratio of 7.65, a PEG ratio of -0.83 and a beta of 1.23. China Shenhua Energy has a fifty-two week low of $8.47 and a fifty-two week high of $13.34.

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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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