Zacks Research Upgrades Holcim (OTCMKTS:HCMLY) to Hold

Key Points

• Holcim has been upgraded from a "strong sell" to a "hold" rating by Zacks Research as of Thursday, indicating a more favorable outlook for the stock.
• The stock has garnered mixed ratings, with two analysts giving it a "Strong Buy," three a "Buy," and three a "Hold," resulting in a consensus rating of "Moderate Buy" according to MarketBeat.
• As of Thursday, Holcim's stock opened at $16.70, with a 1-year low of $15.14 and a high of $30.00, reflecting notable volatility in its trading performance.

Holcim (OTCMKTS:HCMLY - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Holcim in a research report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating on shares of Holcim in a report on Monday, August 4th. Kepler Capital Markets raised Holcim to a "strong-buy" rating in a report on Thursday, July 24th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Holcim in a report on Tuesday, June 17th. Finally, Citigroup reissued a "neutral" rating on shares of Holcim in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Holcim Stock Down 1.4%

OTCMKTS HCMLY traded down $0.24 during trading hours on Thursday, hitting $16.15. The company had a trading volume of 164,399 shares, compared to its average volume of 123,066. Holcim has a fifty-two week low of $15.14 and a fifty-two week high of $30.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.25 and a quick ratio of 0.93. The business has a fifty day simple moving average of $20.65 and a 200-day simple moving average of $21.68.

About Holcim

Holcim AG, together with its subsidiaries, operates as a building materials and solutions company worldwide. It operates through North America; Latin America; Europe; Asia, Middle East & Africa; and Solutions & Products segments. The company offers cement, clinker, and other cementitious materials; ready-mix concrete; aggregates, such as crushed stone, gravel, and sand; and precast, concrete products, asphalts, mortars, roofing systems, insulation tile adhesives, facade solutions, and contracting and services.