Heidelberg Materials (OTCMKTS:HDLMY) Stock Rating Upgraded by Citigroup

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

Other equities analysts have also recently issued research reports about the stock. Zacks Research raised shares of Heidelberg Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Barclays raised shares of Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 17th. Finally, Royal Bank Of Canada downgraded shares of Heidelberg Materials from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Heidelberg Materials Price Performance

OTCMKTS:HDLMY opened at $41.79 on Thursday. Heidelberg Materials has a twelve month low of $30.58 and a twelve month high of $57.79. The company has a fifty day moving average of $51.05.

Heidelberg Materials Company Profile

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.