Zacks Investment Research lowered shares of ANHUI CONCH CEM/ADR (OTCMKTS:AHCHY) from a strong-buy rating to a hold rating in a research report report published 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 ANHUI CONCH CEM/ADR from a hold rating to a sell rating in a report on Tuesday, August 6th.

ANHUI CONCH CEM/ADR stock opened at $27.59 on Tuesday. The company has a current ratio of 2.76, a quick ratio of 2.53 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $29.65 and its two-hundred day simple moving average is $29.45. ANHUI CONCH CEM/ADR has a 12 month low of $22.70 and a 12 month high of $33.34. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 6.49 and a beta of 1.56.

ANHUI CONCH CEM/ADR Company Profile

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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