Cemex SAB de CV (NYSE:CX) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.
Other research analysts have also recently issued research reports about the company. Morgan Stanley cut Cemex SAB de CV from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $8.00 to $5.50 in a research report on Monday, April 29th. Goldman Sachs Group initiated coverage on Cemex SAB de CV in a research report on Wednesday, April 10th. They issued a “neutral” rating and a $5.50 price objective for the company. Santander cut Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Finally, Zacks Investment Research cut Cemex SAB de CV from a “hold” rating to a “sell” rating in a research report on Monday, July 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Cemex SAB de CV currently has an average rating of “Hold” and an average price target of $7.50.
Shares of NYSE CX traded down $0.13 during mid-day trading on Thursday, hitting $3.27. 9,987,145 shares of the company were exchanged, compared to its average volume of 7,262,915. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.53 and a current ratio of 0.74. The business’s 50 day moving average is $3.99. Cemex SAB de CV has a 1-year low of $3.22 and a 1-year high of $7.60. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 0.62 and a beta of 1.47.
About Cemex SAB de CV
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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