Zacks Investment Research Upgrades China Communications Construction (CCCGY) to Hold

China Communications Construction (OTCMKTS:CCCGY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “China Railway Construction Corporation Limited is engaged in engineering construction while providing project contracting, survey, design and consultation, industrial manufacturing, exploitation of real estate, capital operation and logistics. The Company is also engaged in scientific research, planning, survey, design, constructing, superintending, operating and equipment manufacturing. CRCC designs and constructs plateau railway, high-speed railway, expressway, bridges, tunnels and urban track transportation projects. Its businesses are divided into four major segments, namely: construction operations; survey, design and consultancy operations; manufacturing operations; and other businesses, including real estate development and logistics services that relate to its main businesses. “

Separately, ValuEngine cut China Communications Construction from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 5th.

Shares of China Communications Construction stock traded up $0.68 during midday trading on Tuesday, hitting $21.93. The company’s stock had a trading volume of 208 shares, compared to its average volume of 12,850. China Communications Construction has a 1-year low of $20.65 and a 1-year high of $28.23.

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China Communications Construction Company Profile

China Communications Construction Company Limited, together with its subsidiaries, engages in the infrastructure construction and design, dredging, and heavy machinery manufacturing activities. The company is involved in the construction of ports, roads, bridges, railways, tunnels, rail transits, airports, and other facilities; and provision of infrastructure design services, such as consulting and planning, feasibility study, survey and design, engineering consultancy, engineering measurement and technical research, project management, project supervision, general project contracting, compilation of industry standards and codes, etc.

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