Zacks Investment Research cut shares of ANHUI CONCH CEM/ADR (OTCMKTS:AHCHY) from a strong-buy rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures and sells clinkers and cement products under the CONCH brand in the People’s Republic of China and internationally. It also provides construction and installation services for industrial purposes; logistic and loading services; and mining and related services. In addition, the company manufactures and sells cement packaging products and refractory materials; trades in coal products; and develops and sells profile and related products, as well as exports clinker and cement products. Anhui Conch or Conch Cement is the largest cement manufacturer in the mainland China. “

Separately, ValuEngine cut ANHUI CONCH CEM/ADR from a hold rating to a sell rating in a research report on Tuesday, August 6th.

Shares of AHCHY opened at $27.59 on Tuesday. The company has a quick ratio of 2.53, a current ratio of 2.76 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $29.65 and a two-hundred day simple moving average of $29.45. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 6.49 and a beta of 1.56. ANHUI CONCH CEM/ADR has a 52 week low of $22.70 and a 52 week high of $33.34.

ANHUI CONCH CEM/ADR Company Profile

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures and sells cement, commodity clinker, and aggregates in the People's Republic of China and internationally. The company primarily offers cement and commodity clinker under the CONCH brand. It also provides construction and installation services for industrial purposes; logistic services; and mining and related services.

See Also: How to read a candlestick chart

Get a free copy of the Zacks research report on ANHUI CONCH CEM/ADR (AHCHY)

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

Receive News & Ratings for ANHUI CONCH CEM/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANHUI CONCH CEM/ADR and related companies with MarketBeat.com's FREE daily email newsletter.