Holcim (OTCMKTS:HCMLY) Upgraded at Citigroup

Citigroup upgraded shares of Holcim (OTCMKTS:HCMLY) from a hold rating to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.

A number of other research firms have also recently commented on HCMLY. The Goldman Sachs Group cut shares of Holcim from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Jefferies Financial Group lowered Holcim from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. BNP Paribas Exane downgraded Holcim from a “neutral” rating to an “underperform” rating and set a $16.80 price target for the company. in a report on Thursday, December 4th. DZ Bank lowered Holcim from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Holcim in a research report on Monday, January 12th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.80.

Holcim Stock Performance

Shares of OTCMKTS HCMLY opened at $16.71 on Thursday. Holcim has a 1 year low of $15.14 and a 1 year high of $30.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.21 and a current ratio of 1.49. The firm’s 50 day moving average price is $19.34 and its 200 day moving average price is $18.18.

About Holcim

Holcim is a global building materials and solutions company headquartered in Switzerland that produces and supplies cement, aggregates, ready-mix concrete, asphalt and a range of prefabricated and construction-related products and services. Its offerings are aimed at construction and infrastructure markets, serving contractors, developers, municipalities and industrial customers with materials for residential, commercial and civil engineering projects.

The company traces its modern form to the 2015 combination of Swiss cement maker Holcim and France’s Lafarge, which created one of the world’s largest building-materials groups; the combined enterprise later simplified its name to Holcim.