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

The Goldman Sachs Group upgraded shares of Anhui Conch Cement (OTCMKTS:AHCHY) from a hold rating to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Anhui Conch Cement Price Performance

Shares of OTCMKTS:AHCHY opened at $14.65 on Tuesday. The stock’s 50 day moving average is $13.73 and its 200-day moving average is $13.41. Anhui Conch Cement has a twelve month low of $9.98 and a twelve month high of $17.19. The company has a quick ratio of 3.03, a current ratio of 3.40 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $15.53 billion, a price-to-earnings ratio of 15.26 and a beta of 0.39.

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

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.