Aluminum Co. of China (NYSE:ACH) Lifted to Outperform at Credit Suisse Group

Aluminum Co. of China (NYSE:ACH) was upgraded by research analysts at Credit Suisse Group from an “underperform” rating to an “outperform” rating in a research note issued to investors on Tuesday, April 10th, MarketBeat reports.

Other research analysts have also issued reports about the company. Morgan Stanley cut Aluminum Co. of China from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 9th. Goldman Sachs upgraded 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. Aluminum Co. of China presently has a consensus rating of “Hold”.

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Aluminum Co. of China stock traded down $0.32 during mid-day trading on Tuesday, hitting $15.26. The company’s stock had a trading volume of 57,115 shares, compared to its average volume of 92,048. Aluminum Co. of China has a 1 year low of $11.01 and a 1 year high of $23.54. The company has a current ratio of 0.76, a quick ratio of 0.53 and a debt-to-equity ratio of 0.61.



Institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its stake in shares of 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 acquiring an additional 7,734 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Aluminum Co. of China during the 4th quarter worth approximately $210,000. AMP Capital Investors Ltd acquired a new position in shares of Aluminum Co. of China during the 3rd quarter worth approximately $286,000. Millennium Management LLC acquired a new position in shares of Aluminum Co. of China during the 4th quarter worth approximately $330,000. Finally, State Street Corp raised its position in shares of 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 purchasing an additional 607 shares during the last quarter. 0.39% of the stock is currently owned by institutional investors.

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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)

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