Zhejiang Expressway Co., Ltd. (ZHEXY) Rating Increased to Hold at Zacks Investment Research

Zhejiang Expressway Co., Ltd. (NASDAQ:ZHEXY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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) opened at 10.86 on Tuesday. The company’s 50 day moving average is $10.90 and its 200-day moving average is $10.31. Zhejiang Expressway Co. has a 52 week low of $8.79 and a 52 week high of $12.38. The firm has a market cap of $4.72 billion and a P/E ratio of 10.97.

About Zhejiang Expressway Co.

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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