Aluminum Corp. of China (ACH) Downgraded by Morgan Stanley to “Equal Weight”

Aluminum Corp. of China (NYSE:ACH) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Tuesday, The Fly reports.

A number of other research analysts have also recently commented on ACH. JPMorgan Chase & Co. started coverage on shares of Aluminum Corp. of China in a report on Monday, September 25th. They issued a “neutral” rating for the company. cut shares of Aluminum Corp. of China from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Aluminum Corp. of China has a consensus rating of “Buy”.

Aluminum Corp. of China (NYSE:ACH) traded down $0.78 during mid-day trading on Tuesday, hitting $18.59. 101,800 shares of the stock were exchanged, compared to its average volume of 85,260. The company has a market capitalization of $15,260.00, a PE ratio of 74.36 and a beta of 0.04. Aluminum Corp. of China has a 52-week low of $10.33 and a 52-week high of $23.54.

Institutional investors have recently added to or reduced their stakes in the company. AMP Capital Investors Ltd acquired a new position in shares of Aluminum Corp. of China in the third quarter valued at approximately $286,000. Jane Street Group LLC increased its stake in shares of Aluminum Corp. of China by 496.2% in the third quarter. Jane Street Group LLC now owns 198,506 shares of the basic materials company’s stock valued at $4,401,000 after buying an additional 165,212 shares during the period. Citigroup Inc. increased its stake in shares of Aluminum Corp. of China by 6.3% in the second quarter. Citigroup Inc. now owns 121,106 shares of the basic materials company’s stock valued at $1,560,000 after buying an additional 7,173 shares during the period. Profund Advisors LLC increased its stake in shares of Aluminum Corp. of China by 43.0% in the second quarter. Profund Advisors LLC now owns 19,928 shares of the basic materials company’s stock valued at $257,000 after buying an additional 5,988 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Aluminum Corp. of China by 6.4% in the second quarter. Parametric Portfolio Associates LLC now owns 113,885 shares of the basic materials company’s stock valued at $1,467,000 after buying an additional 6,806 shares during the period. 0.37% of the stock is owned by institutional investors.

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Aluminum Corp. of China Company Profile