CHINA COMMUNICA/ADR (OTCMKTS:CCCGY) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of CHINA COMMUNICA/ADR (OTCMKTS:CCCGY) from a sell rating to a hold rating in a research note released on Tuesday morning, Zacks.com reports.

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. “

OTCMKTS CCCGY opened at $15.09 on Tuesday. CHINA COMMUNICA/ADR has a twelve month low of $14.85 and a twelve month high of $22.00. The stock has a fifty day simple moving average of $16.84 and a 200-day simple moving average of $19.08.

CHINA COMMUNICA/ADR Company Profile

China Communications Construction Company Limited, together with its subsidiaries, engages in the infrastructure construction, infrastructure design, dredging, and other businesses. The company is involved in the construction of ports, roads and bridges, railways, municipal and environmental projects, etc.; and provision of infrastructure design services, including 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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