Anhui Conch Cement (OTCMKTS:AHCHY) Upgraded at Zacks Investment Research

Share on StockTwits

Anhui Conch Cement (OTCMKTS:AHCHY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday, reports. The firm currently has a $33.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 8.95% from the stock’s current price.

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. “

AHCHY stock opened at $30.29 on Monday. The company has a market capitalization of $7.87 billion, a P/E ratio of 6.92 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.79 and a quick ratio of 3.54. The business has a 50-day moving average price of $31.79 and a 200 day moving average price of $31.96. Anhui Conch Cement has a 1-year low of $29.14 and a 1-year high of $40.04.

Anhui Conch Cement (OTCMKTS:AHCHY) last announced its earnings results on Thursday, March 25th. The company reported $1.39 EPS for the quarter. The firm had revenue of $7.89 billion during the quarter.

About Anhui Conch Cement

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products in the People's Republic of China and internationally. It primarily offers Portland cement, ordinary Portland cement, slag Portland cement, composite Portland cement under the CONCH brand.

Further Reading: Dividend Yield

Get a free copy of the Zacks research report on Anhui Conch Cement (AHCHY)

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

Receive News & Ratings for Anhui Conch Cement Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anhui Conch Cement and related companies with's FREE daily email newsletter.