HEIDELBERGCEMEN/ADR (OTCMKTS:HDELY) Downgraded by Zacks Investment Research

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HEIDELBERGCEMEN/ADR (OTCMKTS:HDELY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, 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. “

A number of other research firms have also weighed in on HDELY. ValuEngine raised shares of HEIDELBERGCEMEN/ADR from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Barclays lowered shares of HEIDELBERGCEMEN/ADR from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 8th. Kepler Capital Markets reissued a “hold” rating on shares of HEIDELBERGCEMEN/ADR in a research report on Tuesday, July 9th. Finally, Societe Generale reissued a “sell” rating on shares of HEIDELBERGCEMEN/ADR in a research report on Monday, May 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $17.00.

Shares of HEIDELBERGCEMEN/ADR stock traded down $0.02 during trading hours on Thursday, reaching $13.07. The company’s stock had a trading volume of 53,851 shares, compared to its average volume of 27,850. HEIDELBERGCEMEN/ADR has a one year low of $11.75 and a one year high of $16.66. The company has a market capitalization of $12.93 billion, a P/E ratio of 9.47 and a beta of 1.14. The stock’s fifty day simple moving average is $14.81 and its two-hundred day simple moving average is $15.01. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.87 and a current ratio of 1.20.

About HEIDELBERGCEMEN/ADR

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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