Zacks Investment Research downgraded Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) to Sell in a report released today.
- Updated: October 13, 2016
Yesterday Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) traded -0.71% lower at $95.34. The company’s 50-day moving average is $91.91 and its 200-day moving average is $92.05. The last stock close price is up 3.84% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 403,061 shares of the stock were exchanged, down from an average trading volume of 615,858
Zacks Investment Research has downgraded Fomento Economico Mexicano SAB (ADR) (NYSE:FMX) to Sell in a report released on 10/13/2016.
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Fomento Economico Mexicano SAB (ADR) has a 52 week low of $83.01 and a 52 week high of $102.72 with a P/E ratio of 35.53 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 12 firms have issued a report on the stock. The consensus target price is $108.42 with 1 firm rating the stock a strong buy, 8 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Fomento Economico Mexicano SAB (ADR) (NYSE:FMX)
Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is a holding company. The Company's segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, S.A. de C.V. and subsidiaries (FEMSA Comercio), which consists of a Retail Division operating various small-format chain stores, and CB Equity LLP, which holds its equity investment in Heineken N.V., and Heineken Holding N.V. The Company's Coca-Cola FEMSA produces, markets, sells and distributes Coca-Cola trademark beverages through standard bottler agreements in certain territories in the countries, in which it operates. Coca-Cola FEMSA also sells bottled water products. FEMSA participates in the retail sector primarily through FEMSA Comercio.
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