Cemex SAB de CV (NYSE:CX) Upgraded by ValuEngine to Sell

ValuEngine upgraded shares of Cemex SAB de CV (NYSE:CX) from a strong sell rating to a sell rating in a research report report published on Thursday morning, ValuEngine reports.

A number of other research analysts also recently commented on CX. Zacks Investment Research downgraded shares of Cemex SAB de CV from a hold rating to a sell rating in a research note on Monday, July 15th. Morgan Stanley downgraded shares of Cemex SAB de CV from an overweight rating to an equal weight rating and reduced their price objective for the company from $8.00 to $5.50 in a research note on Monday, April 29th. Goldman Sachs Group began coverage on shares of Cemex SAB de CV in a research report on Wednesday, April 10th. They issued a neutral rating and a $5.50 price target on the stock. Finally, Santander downgraded shares of Cemex SAB de CV from a buy rating to a hold rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $7.50.

NYSE CX traded down $0.13 during trading hours on Thursday, reaching $3.27. 9,987,145 shares of the company traded hands, compared to its average volume of 7,262,915. Cemex SAB de CV has a 12 month low of $3.22 and a 12 month high of $7.60. The company has a quick ratio of 0.53, a current ratio of 0.74 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $5.34 billion, a PE ratio of 9.34, a PEG ratio of 0.62 and a beta of 1.47. The stock has a 50 day simple moving average of $3.99.

Institutional investors have recently bought and sold shares of the company. Covenant Multifamily Offices LLC acquired a new stake in shares of Cemex SAB de CV in the 1st quarter worth about $29,000. Corient Capital Partners LLC acquired a new stake in shares of Cemex SAB de CV in the 1st quarter worth about $47,000. Quantamental Technologies LLC acquired a new stake in shares of Cemex SAB de CV in the 1st quarter worth about $66,000. QCM Cayman Ltd. acquired a new stake in shares of Cemex SAB de CV in the 1st quarter worth about $72,000. Finally, Moors & Cabot Inc. acquired a new stake in shares of Cemex SAB de CV in the 1st quarter worth about $76,000. Institutional investors own 32.32% of the company’s stock.

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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Analyst Recommendations for Cemex SAB de CV (NYSE:CX)

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