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

China Coal Energy (OTCMKTS:CCOZY) was downgraded by The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

China Coal Energy Stock Performance

OTCMKTS:CCOZY opened at $25.90 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.24 and a debt-to-equity ratio of 0.27. China Coal Energy has a twelve month low of $18.81 and a twelve month high of $28.10. The company has a fifty day moving average of $24.53 and a 200-day moving average of $23.13. The firm 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 issued its 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. As a group, sell-side analysts anticipate that China Coal Energy will post 4.01 EPS 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.