HeidelbergCement (HDELY) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of HeidelbergCement (OTCMKTS:HDELY) from a buy rating to a hold rating in a report released on Wednesday morning.

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. “

HDELY has been the subject of several other reports. JPMorgan Chase & Co. cut shares of HeidelbergCement from a neutral rating to an underweight rating in a research note on Wednesday, October 18th. Jefferies Group started coverage on shares of HeidelbergCement in a research note on Wednesday, September 27th. They set a buy rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. HeidelbergCement presently has a consensus rating of Hold and an average target price of $24.00.

Shares of HeidelbergCement (HDELY) opened at $23.04 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.80 and a current ratio of 1.12. HeidelbergCement has a 12 month low of $17.94 and a 12 month high of $23.06. The company has a market cap of $22,820.00, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 2.08 and a beta of 1.45.

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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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Analyst Recommendations for HeidelbergCement (OTCMKTS:HDELY)

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