HEIDELBERGCEMEN/ADR (OTCMKTS:HDELY) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of HEIDELBERGCEMEN/ADR (OTCMKTS:HDELY) from a hold rating to a sell rating in a research report report published on Wednesday morning, Zacks.com reports.

According to Zacks, “HeidelbergCement AG operates as a building materials manufacturer. It engages in the production and distribution of cement and aggregates. The Company also offers ready-mixed concrete, concrete products, and concrete elements, as well as other related products and services. It has operations in sub-Saharan Africa: Benin, DR Congo, Gabon, Ghana, Liberia, Sierra Leone, Tanzania, and Togo. HeidelbergCement AG is headquartered in Heidelberg, Germany. “

Other equities analysts have also issued reports about the company. Deutsche Bank upgraded HEIDELBERGCEMEN/ADR from a hold rating to a buy rating in a research report on Thursday, September 5th. Barclays lowered HEIDELBERGCEMEN/ADR from an overweight rating to an equal weight rating in a research report on Monday, July 8th. Finally, Kepler Capital Markets restated a hold rating on shares of HEIDELBERGCEMEN/ADR in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $17.00.

HEIDELBERGCEMEN/ADR stock opened at $14.60 on Wednesday. The firm has a market capitalization of $14.48 billion, a P/E ratio of 10.58 and a beta of 1.15. HEIDELBERGCEMEN/ADR has a 1 year low of $11.75 and a 1 year high of $16.40. The business has a 50-day moving average of $13.87 and a 200-day moving average of $14.98. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.46.

HEIDELBERGCEMEN/ADR Company Profile

HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. The company offers cement products, including special cements with targeted characteristics, special geotechnical building materials, and a range of binders. It also provides natural stone aggregates, comprising sand and gravel; crushed aggregates, such as stone chippings and crushed stones; and concrete/ready-mixed concrete for the production of precast concrete parts consisting of stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, or schools.

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