HeidelbergCement (OTCMKTS:HDELY) Downgraded by JPMorgan Chase & Co. to Underweight

JPMorgan Chase & Co. lowered shares of HeidelbergCement (OTCMKTS:HDELY) from a neutral rating to an underweight rating in a report released on Monday, The Fly reports.

Several other research firms have also recently issued reports on HDELY. UBS Group reissued a buy rating on shares of HeidelbergCement in a report on Wednesday, July 7th. Berenberg Bank reissued a buy rating on shares of HeidelbergCement in a report on Friday, July 9th. Barclays cut shares of HeidelbergCement from an equal weight rating to an underweight rating in a report on Monday, August 9th. Morgan Stanley reissued an overweight rating on shares of HeidelbergCement in a report on Friday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a buy rating on shares of HeidelbergCement in a report on Thursday, June 10th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $20.00.

Shares of HDELY opened at $14.95 on Monday. HeidelbergCement has a fifty-two week low of $11.05 and a fifty-two week high of $19.34. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 9.52 and a beta of 1.42. The firm has a 50-day simple moving average of $17.17 and a 200-day simple moving average of $17.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.25.

HeidelbergCement (OTCMKTS:HDELY) last announced its earnings results on Thursday, July 29th. The construction company reported $0.58 earnings per share for the quarter. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $5.95 billion. Equities research analysts forecast that HeidelbergCement will post 2.11 EPS for the current year.

About HeidelbergCement

HeidelbergCement AG engages in the production and distribution of cement, aggregates, ready-mixed concrete, and asphalt. It operates through the following geographical segments: Western and Southern Europe; Northern and Eastern Europe-Central Asia; North America; Asia-Pacific; Africa-Eastern Mediterranean Basin, and Group Services.

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