Aluminum Corp. of China (ACH) Stock Rating Lowered by Morgan Stanley

Morgan Stanley downgraded shares of Aluminum Corp. of China (NYSE:ACH) from an overweight rating to an equal weight rating in a research note issued to investors on Tuesday morning, The Fly reports.

A number of other research firms also recently commented on ACH. JPMorgan Chase & Co. assumed coverage on shares of Aluminum Corp. of China in a research report on Monday, September 25th. They issued a neutral rating on the stock. downgraded shares of Aluminum Corp. of China from a buy rating to a hold rating in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy.

Aluminum Corp. of China (NYSE ACH) traded up $0.46 during midday trading on Tuesday, hitting $18.59. 63,948 shares of the company were exchanged, compared to its average volume of 92,154. The stock has a market cap of $16,920.00, a P/E ratio of 74.36 and a beta of 0.04. Aluminum Corp. of China has a 1 year low of $10.97 and a 1 year high of $23.54.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in Aluminum Corp. 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 period. Aperio Group LLC boosted its stake in Aluminum Corp. of China by 13.4% during the 3rd quarter. Aperio Group LLC now owns 28,309 shares of the basic materials company’s stock worth $628,000 after purchasing an additional 3,355 shares during the period. Advisors Preferred LLC acquired a new stake in Aluminum Corp. of China during the 3rd quarter worth $108,000. Profund Advisors LLC boosted its stake in Aluminum Corp. of China by 43.0% during the 2nd quarter. Profund Advisors LLC now owns 19,928 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 5,988 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in Aluminum Corp. of China by 6.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 113,885 shares of the basic materials company’s stock worth $1,467,000 after purchasing an additional 6,806 shares during the period. 0.37% of the stock is currently owned by hedge funds and other institutional investors.

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Aluminum Corp. of China Company Profile

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