Holcim (OTCMKTS:HCMLY) Sees Unusually-High Trading Volume After Analyst Upgrade

Shares of Holcim Ltd Unsponsored ADR (OTCMKTS:HCMLY) saw unusually-high trading volume on Friday after Citigroup upgraded the stock from a hold rating to a strong-buy rating. Approximately 174,195 shares changed hands during trading, an increase of 8% from the previous session’s volume of 160,808 shares.The stock last traded at $16.68 and had previously closed at $17.28.

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

Holcim Price Performance

The business has a 50-day moving average of $19.34 and a 200 day moving average of $18.18. The company has a current ratio of 1.49, a quick ratio of 1.21 and a debt-to-equity ratio of 0.59.

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.