Aluminum Co. of China (NYSE:ACH) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Aluminum Co. of China (NYSE:ACHGet Rating) from a buy rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

According to Zacks, “Aluminum Corp of China Ltd’s principal activity is the production and distribution of alumina and primary aluminum. Other activities include the manufacturing of mechanical equipment and distribution of ceramic products and provision of repair and maintenance services for electrical plant and machinery. “

A number of other brokerages have also issued reports on ACH. HSBC upgraded shares of Aluminum Co. of China from a reduce rating to a hold rating in a research report on Wednesday, March 23rd. StockNews.com lowered shares of Aluminum Co. of China from a strong-buy rating to a buy rating in a research report on Wednesday, May 11th.

Shares of ACH opened at $10.87 on Wednesday. The firm has a 50-day moving average price of $12.62 and a 200 day moving average price of $13.81. The firm has a market capitalization of $7.40 billion, a PE ratio of 8.77 and a beta of 1.65. The company has a quick ratio of 0.69, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. Aluminum Co. of China has a 52-week low of $9.00 and a 52-week high of $23.90.

Aluminum Co. of China (NYSE:ACHGet Rating) last announced its earnings results on Tuesday, April 26th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $11.92 billion during the quarter. Aluminum Co. of China had a net margin of 1.71% and a return on equity of 6.67%. On average, equities analysts expect that Aluminum Co. of China will post 1.87 EPS for the current year.

Several large investors have recently bought and sold shares of ACH. OLD Mission Capital LLC boosted its position in shares of Aluminum Co. of China by 415.3% during the 3rd quarter. OLD Mission Capital LLC now owns 168,947 shares of the basic materials company’s stock valued at $879,000 after purchasing an additional 136,158 shares in the last quarter. Morgan Stanley lifted its stake in Aluminum Co. of China by 668.5% during the second quarter. Morgan Stanley now owns 58,374 shares of the basic materials company’s stock valued at $863,000 after buying an additional 50,778 shares in the last quarter. Citadel Advisors LLC lifted its stake in Aluminum Co. of China by 2.7% during the second quarter. Citadel Advisors LLC now owns 32,772 shares of the basic materials company’s stock valued at $485,000 after buying an additional 871 shares in the last quarter. Deutsche Bank AG purchased a new stake in Aluminum Co. of China during the third quarter valued at about $65,000. Finally, BlackRock Inc. lifted its stake in Aluminum Co. of China by 2.0% during the third quarter. BlackRock Inc. now owns 313,901 shares of the basic materials company’s stock valued at $5,867,000 after buying an additional 6,009 shares in the last quarter.

Aluminum Co. of China Company Profile (Get Rating)

Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, aluminum alloys, and carbon products in the People's Republic of China and internationally. The company operates through five segments: Alumina, Primary Aluminum, Trading, Energy, and Corporate and Other Operating.

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