Anhui Conch Cement (OTCMKTS:AHCHY) Upgraded at The Goldman Sachs Group

Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) was upgraded by equities research analysts at The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

Anhui Conch Cement Stock Down 2.6 %

Anhui Conch Cement stock traded down $0.38 during trading on Tuesday, reaching $14.27. 3,125 shares of the company's stock were exchanged, compared to its average volume of 16,567. The company's 50-day moving average is $13.74 and its two-hundred day moving average is $13.48. The firm has a market cap of $15.12 billion, a price-to-earnings ratio of 14.86 and a beta of 0.39. Anhui Conch Cement has a 52-week low of $9.98 and a 52-week high of $17.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.03 and a current ratio of 3.40.

Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.16). The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $47.10 billion. Anhui Conch Cement had a return on equity of 3.72% and a net margin of 6.70%.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company operates through five segments: Eastern China, Central China, Southern China, Western China, and Overseas. It provides construction and installation services for industrial purposes; logistic services; and mining and related services.