Holcim (OTCMKTS:HCMLY) Raised to “Strong-Buy” at Citigroup

Holcim (OTCMKTS:HCMLY) was upgraded by analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other equities analysts have also issued reports on HCMLY. The Goldman Sachs Group lowered Holcim from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. DZ Bank lowered shares of Holcim from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Holcim in a report on Monday, January 12th. Jefferies Financial Group downgraded shares of Holcim from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, BNP Paribas Exane downgraded shares of Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 target price for the company. in a research report on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.80.

Holcim Price Performance

HCMLY traded down $0.57 on Thursday, reaching $16.71. The company’s stock had a trading volume of 320,589 shares, compared to its average volume of 203,775. Holcim has a 1 year low of $15.14 and a 1 year high of $30.00. The business’s 50 day moving average is $19.34 and its 200 day moving average is $18.17. The company has a current ratio of 1.49, a quick ratio of 1.21 and a debt-to-equity ratio of 0.59.

About Holcim

Holcim is a global building materials and solutions company headquartered in Switzerland that produces and supplies cement, aggregates, ready-mix concrete, asphalt and a range of prefabricated and construction-related products and services. Its offerings are aimed at construction and infrastructure markets, serving contractors, developers, municipalities and industrial customers with materials for residential, commercial and civil engineering projects.

The company traces its modern form to the 2015 combination of Swiss cement maker Holcim and France’s Lafarge, which created one of the world’s largest building-materials groups; the combined enterprise later simplified its name to Holcim.