Zacks Research Upgrades Heidelberg Materials (OTCMKTS:HDLMY) to “Hold”

Heidelberg Materials (OTCMKTS:HDLMY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Separately, Citigroup raised Heidelberg Materials from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Heidelberg Materials Price Performance

HDLMY opened at $42.10 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of $42.24. Heidelberg Materials has a 12 month low of $36.59 and a 12 month high of $57.79.

About Heidelberg Materials

Heidelberg Materials (OTCMKTS: HDLMY) is a Germany‐based multinational building materials company with a core focus on cement production, aggregates, ready‐mixed concrete, asphalt, and other construction solutions. As one of the world’s leading cement producers, the company supplies essential raw and processed materials used in infrastructure, commercial, and residential construction projects. Its product portfolio also encompasses specialty cement, mineral additives, and tailored concrete technologies designed to meet diverse engineering and environmental requirements.

Operating in more than 50 countries across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa, Heidelberg Materials maintains an extensive network of production facilities and distribution channels.