HeidelbergCement (HDELY) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of HeidelbergCement (OTCMKTS:HDELY) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

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. “

A number of other brokerages have also issued reports on HDELY. JPMorgan Chase & Co. lowered HeidelbergCement from a neutral rating to an underweight rating in a research report on Wednesday, October 18th. Jefferies Group assumed coverage on HeidelbergCement in a research report on Wednesday, September 27th. They set a buy rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. HeidelbergCement presently has an average rating of Hold and an average price target of $24.00.

Shares of HeidelbergCement (OTCMKTS HDELY) traded up $0.48 during trading on Wednesday, hitting $23.00. The stock had a trading volume of 7,229 shares, compared to its average volume of 10,024. The firm has a market capitalization of $22,340.00, a price-to-earnings ratio of 26.66, a PEG ratio of 2.02 and a beta of 1.45. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.57. HeidelbergCement has a 12 month low of $17.94 and a 12 month high of $23.01.

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HeidelbergCement Company Profile

HeidelbergCement AG produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. Its cement products include special cements with targeted characteristics, special geotechnical building materials, and a range of binders. The company offers natural stone and crushed aggregates, including sand, gravel, stone chippings, and crushed stones; concrete/ready-mixed concrete that is used for the production of precast concrete parts, such as stairs, ceiling elements, or structural components, as well as for use in the construction of tunnels or bridges, office buildings, and schools; and asphalt, which is primarily used in the building of traffic infrastructure comprising roads, walkways, and parking lots.

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