Zacks Investment Research lowered shares of Anhui Conch Cement (OTCMKTS:AHCHY) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning.

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. “

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Separately, ValuEngine cut shares of Anhui Conch Cement from a strong-buy rating to a buy rating in a research report on Friday, December 1st.

Shares of Anhui Conch Cement (OTCMKTS:AHCHY) opened at $27.27 on Tuesday. Anhui Conch Cement has a 1 year low of $15.83 and a 1 year high of $28.71. The company has a current ratio of 1.94, a quick ratio of 1.69 and a debt-to-equity ratio of 0.11.

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About Anhui Conch Cement

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.

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