ANHUI CONCH CEM/ADR (OTCMKTS:AHCHY) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of ANHUI CONCH CEM/ADR (OTCMKTS:AHCHY) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

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. “

Separately, ValuEngine downgraded shares of ANHUI CONCH CEM/ADR from a hold rating to a sell rating in a research report on Tuesday, August 6th.

ANHUI CONCH CEM/ADR stock opened at $27.07 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.76 and a quick ratio of 2.53. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 6.37 and a beta of 1.56. ANHUI CONCH CEM/ADR has a one year low of $22.70 and a one year high of $33.34. The company’s fifty day moving average price is $29.72 and its two-hundred day moving average price is $29.45.

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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