Aluminum Corp. of China Limited ADR Class H (ACH) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) from a sell rating to a hold rating in a research note published on Friday morning, ValuEngine reports.

Other equities analysts have also issued research reports about the company. Credit Suisse Group lowered Aluminum Corp. of China Limited ADR Class H from a neutral rating to an underperform rating and set a $9.86 price objective for the company. in a research note on Tuesday, April 30th. Bank of America raised Aluminum Corp. of China Limited ADR Class H from a neutral rating to a buy rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. upgraded Aluminum Corp. of China Limited ADR Class H from an underweight rating to an overweight rating in a research report on Monday, April 1st. Finally, HSBC upgraded Aluminum Corp. of China Limited ADR Class H from a hold rating to a buy rating in a research report on Friday, January 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Aluminum Corp. of China Limited ADR Class H presently has an average rating of Hold and a consensus target price of $9.86.

NYSE ACH opened at $8.91 on Friday. The stock has a market capitalization of $5.31 billion, a PE ratio of 891.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.78 and a quick ratio of 0.48. Aluminum Corp. of China Limited ADR Class H has a twelve month low of $7.44 and a twelve month high of $13.85.

Several large investors have recently bought and sold shares of ACH. Quadrant Capital Group LLC raised its position in Aluminum Corp. of China Limited ADR Class H by 52.6% during the first quarter. Quadrant Capital Group LLC now owns 10,110 shares of the basic materials company’s stock valued at $93,000 after purchasing an additional 3,485 shares during the period. Millennium Management LLC purchased a new stake in Aluminum Corp. of China Limited ADR Class H during the fourth quarter valued at approximately $199,000. Envestnet Asset Management Inc. raised its position in Aluminum Corp. of China Limited ADR Class H by 28.1% during the first quarter. Envestnet Asset Management Inc. now owns 22,530 shares of the basic materials company’s stock valued at $209,000 after purchasing an additional 4,943 shares during the period. Bank of Montreal Can purchased a new stake in Aluminum Corp. of China Limited ADR Class H during the first quarter valued at approximately $371,000. Finally, BlackRock Inc. raised its position in Aluminum Corp. of China Limited ADR Class H by 10.4% during the first quarter. BlackRock Inc. now owns 126,645 shares of the basic materials company’s stock valued at $1,177,000 after purchasing an additional 11,936 shares during the period. Institutional investors own 0.29% of the company’s stock.

About Aluminum Corp. of China Limited ADR Class H

Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, and energy products in the People's Republic of China. The company operates through Alumina, Primary Aluminum, Trading, and Energy segments. The Alumina segment mines for and purchases bauxite and other raw materials; and produces and sells alumina, as well as alumina-related products, such as alumina hydrate, alumina-based chemical products, and gallium.

Read More: Resistance Level

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Aluminum Corp. of China Limited ADR Class H (NYSE:ACH)

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