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

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

Shares of AHCHY opened at $27.07 on Tuesday. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 6.37 and a beta of 1.56. The company has a quick ratio of 2.53, a current ratio of 2.76 and a debt-to-equity ratio of 0.05. ANHUI CONCH CEM/ADR has a 12 month low of $22.70 and a 12 month high of $33.34. The company has a 50-day moving average price of $29.72 and a two-hundred day moving average price of $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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