Anhui Conch Cement (OTCMKTS:AHCHY) Upgraded by Zacks Investment Research to “Hold”

Anhui Conch Cement (OTCMKTS:AHCHYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday, 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. “

AHCHY stock traded up $0.53 during midday trading on Monday, reaching $27.32. 7,900 shares of the company’s stock traded hands, compared to its average volume of 25,565. The company has a 50-day moving average price of $26.37 and a two-hundred day moving average price of $25.87. Anhui Conch Cement has a 52 week low of $22.30 and a 52 week high of $32.26.

Anhui Conch Cement Company Profile (Get Rating)

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company conducts its operations through five segments, which include Eastern China, Central China, Southern China, Western China, and Overseas. It provides Portland cement, ordinary Portland cement, slag Portland cement, composite Portland cement under the Conch brand.

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