Cementos Pacasmayo ADR (NYSE:CPAC) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 27, 2016
Zacks Investment Research has upgraded Cementos Pacasmayo ADR (NYSE:CPAC) to Hold in a statement released on 9/27/2016.
Boasting a price of $9.38, Cementos Pacasmayo ADR (NYSE:CPAC) traded -1.68% lower on the day. With the last stock price close up 5.55% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Cementos Pacasmayo ADR has recorded a 50-day average of $9.47 and a two hundred day average of $8.89. Volume of trade was up over the average, with 62,275 shares of CPAC changing hands over the typical 32,062
With a total market value of $0, Cementos Pacasmayo ADR has with a one year low of $5.45 and a one year high of $10.30 .
A total of 8 equity analysts have released a ratings update on Cementos Pacasmayo ADR. zero analysts rating the stock a strong buy, 4 brokerages rating the company a buy, 3 brokers rating the company a hold, zero firms rating the stock a underperform, and finally zero analysts rating the stock a sell with a average stock price target of $8.70.
General Information About Cementos Pacasmayo ADR (NYSE:CPAC)
Pacasmayo Cement Corp, formerly Cementos Pacasmayo SAA, is a Peru-based company principally engaged in the production, distribution and sale of construction materials. The Company is active in the development of traditional and blended cement, ready-mix concrete, mortars, quicklime, concrete blocks, diatomite bricks and aggregates, among others. It manages mining units and exploration projects located in the provinces of Rioja, Tembladera, Bongara and Bayovar. Additionally, the Company provides various services and construction solutions, such as concrete pumping, metal shuttering systems, pavement service and delivery of construction materials. The Company owns such subsidiaries as Distribuidora Norte Pacasmayo SRL, Salmueras Sudamericanas SA, Fosfatos del Pacifico SA, Cementos Selva SA, Empresa de Transmison Guadalupe SAC and Zemex LLC.
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