Heidelberg Materials (OTCMKTS:HDLMY) Upgraded to “Strong-Buy” at Citigroup

Heidelberg Materials (OTCMKTS:HDLMY) was upgraded by analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other brokerages also recently issued reports on HDLMY. Royal Bank Of Canada downgraded Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Barclays raised shares of Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 17th. Finally, Zacks Research upgraded shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Heidelberg Materials Price Performance

OTCMKTS HDLMY opened at $41.79 on Thursday. Heidelberg Materials has a 12 month low of $30.58 and a 12 month high of $57.79. The firm has a 50 day moving average of $51.05.

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany?based multinational building materials company with a core focus on cement production, aggregates, ready?mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.