Zacks Investment Research upgraded shares of ANHUI CONCH CEM/ADR (OTCMKTS:AHCHY) from a hold rating to a strong-buy rating in a research report released on Thursday, Zacks.com reports. Zacks Investment Research currently has $34.00 target price on the stock.
According to Zacks, “Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures and sells clinkers and cement products under the CONCH brand in the People’s Republic of China and internationally. It also provides construction and installation services for industrial purposes; logistic and loading services; and mining and related services. In addition, the company manufactures and sells cement packaging products and refractory materials; trades in coal products; and develops and sells profile and related products, as well as exports clinker and cement products. Anhui Conch or Conch Cement is the largest cement manufacturer in the mainland China. “
ANHUI CONCH CEM/ADR stock opened at $29.60 on Thursday. ANHUI CONCH CEM/ADR has a 12-month low of $22.70 and a 12-month high of $33.34.
About ANHUI CONCH CEM/ADR
Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures and sells cement, commodity clinker, and aggregates in the People's Republic of China and internationally. The company primarily offers cement and commodity clinker under the CONCH brand. It also provides construction and installation services for industrial purposes; logistic services; and mining and related services.
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