Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Lifted to “Hold” at Zacks Investment Research

Share on StockTwits

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Aluminum Corp of China Ltd’s principal activity is the production and distribution of alumina and primary aluminum. Other activities include the manufacturing of mechanical equipment and distribution of ceramic products and provision of repair and maintenance services for electrical plant and machinery. “

ACH opened at $8.33 on Wednesday. The company has a fifty day moving average price of $7.90 and a 200-day moving average price of $8.32. The firm has a market capitalization of $5.53 billion, a P/E ratio of 203.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.78 and a quick ratio of 0.49. Aluminum Corp. of China Limited ADR Class H has a one year low of $6.96 and a one year high of $11.11.

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) last released its quarterly earnings results on Tuesday, August 27th. The basic materials company reported $0.04 EPS for the quarter. The firm had revenue of $7.45 billion during the quarter. Aluminum Corp. of China Limited ADR Class H had a net margin of 0.10% and a negative return on equity of 0.03%. On average, analysts expect that Aluminum Corp. of China Limited ADR Class H will post 0.24 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Signaturefd LLC grew its position in Aluminum Corp. of China Limited ADR Class H by 139.7% in the third quarter. Signaturefd LLC now owns 3,420 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 1,993 shares in the last quarter. Corient Capital Partners LLC purchased a new position in Aluminum Corp. of China Limited ADR Class H in the third quarter worth $81,000. Envestnet Asset Management Inc. grew its position in Aluminum Corp. of China Limited ADR Class H by 9.1% in the second quarter. Envestnet Asset Management Inc. now owns 24,591 shares of the basic materials company’s stock worth $216,000 after acquiring an additional 2,061 shares in the last quarter. Jane Street Group LLC grew its position in Aluminum Corp. of China Limited ADR Class H by 75.9% in the second quarter. Jane Street Group LLC now owns 27,599 shares of the basic materials company’s stock worth $243,000 after acquiring an additional 11,905 shares in the last quarter. Finally, Aperio Group LLC grew its position in Aluminum Corp. of China Limited ADR Class H by 78.4% in the second quarter. Aperio Group LLC now owns 65,824 shares of the basic materials company’s stock worth $579,000 after acquiring an additional 28,923 shares in the last quarter. Institutional investors own 0.29% of the company’s stock.

About Aluminum Corp. of China Limited ADR Class H

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 alumina-related products, such as alumina hydrate, alumina-based chemical products, and gallium.

Read More: Equity Income

Get a free copy of the Zacks research report on Aluminum Corp. of China Limited ADR Class H (ACH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Aluminum Corp. of China Limited ADR Class H (NYSE:ACH)

Receive News & Ratings for Aluminum Corp. of China Limited ADR Class H Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aluminum Corp. of China Limited ADR Class H and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Ted Baker’s  “Under Review” Rating Reaffirmed at Panmure Gordon
Ted Baker’s “Under Review” Rating Reaffirmed at Panmure Gordon
SSE  Receives Neutral Rating from UBS Group
SSE Receives Neutral Rating from UBS Group
RSA Insurance Group  Receives “Outperform” Rating from Royal Bank of Canada
RSA Insurance Group Receives “Outperform” Rating from Royal Bank of Canada
WPP  Price Target Lowered to GBX 1,100 at JPMorgan Chase & Co.
WPP Price Target Lowered to GBX 1,100 at JPMorgan Chase & Co.
FedoraCoin  Price Up 10.9% Over Last Week
FedoraCoin Price Up 10.9% Over Last Week
Alphacat Market Capitalization Tops $479,604.00
Alphacat Market Capitalization Tops $479,604.00


© 2006-2019 Ticker Report