Zacks Investment Research downgraded Cemex SAB de CV (ADR) (NYSE:CX) to Hold in a report released today.
- Updated: October 14, 2016
Zacks Investment Research has downgraded Cemex SAB de CV (ADR) (NYSE:CX) to Hold in a report released on 10/14/2016.
Previously on 10/3/2016, Zacks Investment Research released a statement about Cemex SAB de CV (ADR) (NYSE:CX) increased the target price from $0.00 to $9.00. At the time, this indicated a possible upside of 0.13%.
Just yesterday Cemex SAB de CV (ADR) (NYSE:CX) traded -1.53% lower at $8.36. CX’s 50-day average is $8.03 and its two hundred day average is $7.23. With the last stock price close up 15.61% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 7,594,235 shares of the stock were exchanged, down from an average trading volume of 12,435,900
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Cemex SAB de CV (ADR) has a 52 week low of $3.50 and a 52 week high of $9.09 with a P/E ratio of 398.10 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 17 brokers have issued a report on the stock. The consensus target price is $9.25 with 3 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Cemex SAB de CV (ADR) (NYSE:CX)
CEMEX, S.A.B. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world. The Company operates in various locations, including Mexico, the United States, Europe, South America, Central America, the Caribbean, Asia, the Middle East and Africa. Its cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua. The Company is a supplier of aggregates, primarily the crushed stone, sand and gravel, used in various forms of construction.
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