Anhui Conch Cement (OTCMKTS:AHCHY) Raised to Strong-Buy 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 research report released on Tuesday morning,Zacks.com reports.

Anhui Conch Cement Stock Up 3.1 %

Shares of AHCHY opened at $14.58 on Tuesday. The company has a market capitalization of $15.45 billion, a price-to-earnings ratio of 15.18 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 stock’s 50-day moving average price is $13.70 and its 200-day moving average price is $13.40. The company has a quick ratio of 3.03, a current ratio of 3.40 and a debt-to-equity ratio of 0.08.

Anhui Conch Cement (OTCMKTS:AHCHY) last released its quarterly earnings data on Monday, March 24th. The company reported $0.38 EPS 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%.

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.