HeidelbergCement AG (HDELY) Downgraded by J P Morgan Chase & Co

J P Morgan Chase & Co downgraded shares of HeidelbergCement AG (OTC:HDELY) from a neutral rating to an underweight rating in a research note released on Wednesday, October 18th, StockTargetPrices.com reports.

Several other research firms have also weighed in on HDELY. Citigroup Inc. raised HeidelbergCement AG from a neutral rating to a buy rating in a report on Thursday, August 31st. Barclays PLC raised HeidelbergCement AG from an equal weight rating to an overweight rating in a report on Thursday, September 7th. Finally, Jefferies Group LLC began coverage on HeidelbergCement AG in a report on Wednesday, September 27th. They issued a buy rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold.

Shares of HeidelbergCement AG (OTC HDELY) traded down $0.08 during mid-day trading on Wednesday, hitting $19.74. The stock had a trading volume of 4,569 shares, compared to its average volume of 18,139. HeidelbergCement AG has a one year low of $17.52 and a one year high of $20.59. The firm has a market cap of $19,660.00, a PE ratio of 17.70, a PEG ratio of 2.25 and a beta of 1.43. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.57.

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HeidelbergCement AG 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 AG (OTC:HDELY)

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