Goldman Issues a Downgrade for Alum. Corp China (NYSE:ACH) from a Neutral to Sell Rating

Share

Alum. Corp China (NYSE:ACH) Receives a Downgrade

Goldman cut shares of Alum. Corp China (NYSE:ACH) stock from a Neutral rating to a Sell rating in a note announced on 7 December.

Approximately 78,482 shares of stock traded hands or 30.20% up from the average. Aluminum Corp. of China Limited (ADR) (NYSE:ACH) has declined 53.76% since May 4, 2015 and is downtrending. It has underperformed by 52.68% the S&P500.

Goldman Issues a Downgrade for Alum. Corp China (NYSE:ACH) from a Neutral to Sell Rating

Aluminum Corporation of China Limited is a producer of alumina and primary aluminum in China. The company has a market cap of $9.93 billion. The Firm has five business divisions: alumina, primary aluminum, trading, energy and corporate and other operating. It currently has negative earnings. The Company’s alumina segment includes the mining and purchasing of bauxite and other raw materials, and production and sale of alumina, as well as alumina-related products.

According to Zacks Investment Research, “Aluminum Corp of China Ltd’s principal activity is the production and distribution of alumina and primary aluminum. Other activities include the manufacturing of mechanical equipment and distribution of ceramic products and provision of repair and maintenance services for electrical plant and machinery.” Get a free copy of the Zacks research report on Aluminum Corp. of China Limited (ADR) (ACH).

COMMENTS: