Aluminum Co. of China (NYSE:ACH) Rating Lowered to Sell at The Goldman Sachs Group

Aluminum Co. of China (NYSE:ACH) was downgraded by The Goldman Sachs Group from a “buy” rating to a “sell” rating in a note issued to investors on Thursday, The Fly reports.

Separately, Zacks Investment Research lowered Aluminum Co. of China from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 14th.

Shares of NYSE:ACH opened at $14.34 on Thursday. Aluminum Co. of China has a 1 year low of $7.57 and a 1 year high of $23.90. The company has a current ratio of 1.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average price is $13.47 and its 200-day moving average price is $15.63.

Several institutional investors and hedge funds have recently modified their holdings of ACH. Deutsche Bank AG acquired a new stake in shares of Aluminum Co. of China in the 3rd quarter worth $65,000. UBS Group AG increased its position in shares of Aluminum Co. of China by 113.8% during the 3rd quarter. UBS Group AG now owns 8,521 shares of the basic materials company’s stock worth $159,000 after purchasing an additional 4,536 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Aluminum Co. of China during the 2nd quarter worth about $178,000. Signaturefd LLC increased its position in shares of Aluminum Co. of China by 9.8% during the 3rd quarter. Signaturefd LLC now owns 10,499 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 936 shares during the last quarter. Finally, Liberty Wealth Management LLC acquired a new stake in shares of Aluminum Co. of China during the 2nd quarter worth about $235,000.

About Aluminum Co. of China

Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, and energy products in the People's Republic of China. The company operates through Alumina, Primary Aluminum, Trading, and Energy segments. The Alumina segment mines for and purchases bauxite and other raw materials; and produces and sells alumina, as well as refined alumina.

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