Holcim Ltd. (HCMLY) Downgraded by HSBC Holdings plc
Holcim Ltd. (OTC:HCMLY) was downgraded by investment analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating in a report released on Wednesday, StockTargetPrices.com reports.
HCMLY has been the topic of several other research reports. Barclays PLC cut shares of Holcim from an “overweight” rating to an “equal weight” rating in a research report on Thursday, September 7th. Jefferies Group LLC started coverage on shares of Holcim in a research report on Wednesday, September 27th. They set a “hold” rating on the stock.
Holcim (HCMLY) traded down 1.627% on Wednesday, reaching $11.067. The company had a trading volume of 4,132 shares. Holcim has a 52-week low of $10.01 and a 52-week high of $12.34. The firm has a market capitalization of $33.50 billion, a price-to-earnings ratio of 13.283 and a beta of 1.61. The stock’s 50-day moving average price is $11.66 and its 200 day moving average price is $11.69.
LafargeHolcim Ltd (LafargeHolcim) is a holding company operating in building materials industry. The Company’s segments include Asia Pacific, Latin America, Europe, North America and Middle East Africa. The Company has three product lines, such as Cement, which consists of clinker, cement and other cementitious materials; Aggregates, and Other construction materials and services, which consists of ready-mix concrete, concrete products, asphalt, construction and paving, trading and other products and services.
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