Anhui Conch Cement (OTCMKTS:AHCHY) Rating Increased 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 Performance

Shares of AHCHY stock opened at $14.65 on Tuesday. Anhui Conch Cement has a one year low of $9.98 and a one year high of $17.19. The company has a market cap of $15.53 billion, a P/E ratio of 15.26 and a beta of 0.39. The firm has a 50-day moving average of $13.73 and a 200-day moving average of $13.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.40 and a quick ratio of 3.03.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted 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). Anhui Conch Cement had a net margin of 6.70% and a return on equity of 3.72%. The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $47.10 billion.

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.