Citigroup Upgrades Heidelberg Materials (OTCMKTS:HDLMY) to “Strong-Buy”

Heidelberg Materials (OTCMKTS:HDLMY) was upgraded by investment analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research firms have also weighed in on HDLMY. Barclays upgraded shares of Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 17th. Royal Bank Of Canada cut shares of Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Zacks Research upgraded Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Heidelberg Materials has a consensus rating of “Buy”.

Heidelberg Materials Stock Down 3.3%

Shares of OTCMKTS:HDLMY opened at $40.39 on Thursday. The company’s 50 day moving average is $50.80. Heidelberg Materials has a 12-month low of $30.58 and a 12-month high of $57.79.

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany‐based multinational building materials company with a core focus on cement production, aggregates, ready‐mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.