Zacks Investment Research Lowers Zhejiang Expressway Co., Ltd. (ZHEXY) to Hold
Zhejiang Expressway Co., Ltd. (NASDAQ:ZHEXY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.
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. (ZHEXY) traded up 0.0000% on Wednesday, hitting $12.1301. The stock has a 50-day moving average of $12.79 and a 200 day moving average of $12.33. Zhejiang Expressway Co. has a one year low of $9.47 and a one year high of $13.50. The company has a market cap of $5.27 billion and a PE ratio of 10.9280.
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About Zhejiang Expressway Co.
Zhejiang Expressway Co, Limited is a Hong Kong-based investment holding company principally engaged in high-grade roads businesses. The Company operates its businesses through three segments. The Toll Operation segment is engaged in the operation and management of high-grade roads, and the earning tolls from expressways.
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