The Goldman Sachs Group Upgrades Anhui Conch Cement (OTCMKTS:AHCHY) to Strong-Buy

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

Anhui Conch Cement Stock Up 3.1 %

Shares of Anhui Conch Cement stock opened at $14.58 on Tuesday. The company has a fifty day moving average price of $13.70 and a 200 day moving average price of $13.40. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08. Anhui Conch Cement has a twelve month low of $9.98 and a twelve month high of $17.19. The stock has a market cap of $15.45 billion, a price-to-earnings ratio of 15.18 and a beta of 0.39.

Anhui Conch Cement (OTCMKTS:AHCHY) last issued its earnings results on Monday, March 24th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.16). The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $47.10 billion. Anhui Conch Cement had a return on equity of 3.72% and a net margin of 6.70%.

About Anhui Conch Cement

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.