Aluminum Co. of China (ACH) Stock Rating Upgraded by Credit Suisse Group

Aluminum Co. of China (NYSE:ACH) was upgraded by Credit Suisse Group from an “underperform” rating to an “outperform” rating in a research report issued on Tuesday, MarketBeat Ratings reports.

Several other equities research analysts have also recently commented on the stock. Morgan Stanley cut shares of Aluminum Co. of China from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 9th. Goldman Sachs raised shares of Aluminum Co. of China from a “sell” rating to a “neutral” rating in a research report on Monday, March 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold”.

ACH opened at $15.30 on Tuesday. Aluminum Co. of China has a 12 month low of $11.01 and a 12 month high of $23.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.53 and a current ratio of 0.76.



Large investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in Aluminum Co. of China by 4,113.8% during the 4th quarter. Wells Fargo & Company MN now owns 7,922 shares of the basic materials company’s stock worth $142,000 after buying an additional 7,734 shares in the last quarter. Two Sigma Advisers LP bought a new stake in Aluminum Co. of China during the 4th quarter worth about $210,000. AMP Capital Investors Ltd bought a new stake in Aluminum Co. of China during the 3rd quarter worth about $286,000. Millennium Management LLC bought a new stake in Aluminum Co. of China during the 4th quarter worth about $330,000. Finally, State Street Corp lifted its position in Aluminum Co. of China by 2.2% during the 2nd quarter. State Street Corp now owns 27,647 shares of the basic materials company’s stock worth $356,000 after buying an additional 607 shares in the last quarter. 0.39% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Aluminum Co. of China (ACH) Stock Rating Upgraded by Credit Suisse Group” was reported by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://dakotafinancialnews.com/2018/04/12/aluminum-co-of-china-ach-stock-rating-upgraded-by-credit-suisse-group.html.

Aluminum Co. of China Company Profile

Aluminum Corporation of China Limited, together with its subsidiaries, engages in the manufacture and distribution of alumina, primary aluminum and energy products in the People's Republic of China. It operates through Alumina, Primary Aluminum, Trading, and Energy segments. The Alumina segment is involved in mining and purchasing of bauxite and other raw materials; and production and sale of alumina, as well as alumina-related products, such as alumina hydrate, alumina-based chemical products, and gallium.

Analyst Recommendations for Aluminum Co. of China (NYSE:ACH)

Receive News & Ratings for Aluminum Co. of China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aluminum Co. of China and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply