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

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

Anhui Conch Cement Price Performance

AHCHY stock opened at $14.58 on Tuesday. The company has a market capitalization of $15.45 billion, a PE ratio of 15.18 and a beta of 0.39. 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 stock’s 50 day moving average is $13.70 and its two-hundred day moving average is $13.40. Anhui Conch Cement has a 52-week low of $9.98 and a 52-week high of $17.19.

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 analysts’ consensus estimates of $0.54 by ($0.16). The company had revenue of $7.61 billion for 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.