Zacks Investment Research Upgrades Zhejiang Expressway Co., Ltd. (ZHEXY) to Hold
Zhejiang Expressway Co., Ltd. (NASDAQ:ZHEXY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Zhejiang Expressway Co., Ltd operates as an infrastructure company primarily engaged in operating and development of and investment in high grade roads in The Peoples’ Republic of China. Its operations include construction, design, toll collection, maintenance, and management of and the provision of technical consultation and ancillary services to high-grade roads; ancillary services for high-grade roads such as gas station along the road, car rescue, car wash, warehousing, food and beverage, advertising. Major assets under management include Shanghai-Hangzhou-Ningbo Expressway, Shangsan Expressway, ancillary facilities along the two expressways, and Zheshang Securities. Zhejiang Expressway Co., Ltd is headquartered in Hong Kong, Hong Kong. “
Zhejiang Expressway Co. (NASDAQ:ZHEXY) remained flat at $10.75 on Tuesday. The company has a market cap of $4.67 billion and a P/E ratio of 10.86. Zhejiang Expressway Co. has a 1-year low of $8.79 and a 1-year high of $12.38. The stock’s 50 day moving average is $11.02 and its 200-day moving average is $10.22.
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Zhejiang Expressway Co. Company Profile
Zhejiang Expressway Co, Ltd. is an investment holding company. The Company is an infrastructure company whose principal activities comprise the operation, maintenance and management of roads, development and operation of certain ancillary services, such as advertising and fuel facilities, as well as provision of security broking service and proprietary securities trading.
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