JPMorgan Chase & Co. Upgrades Grupo Mexico (OTCMKTS:GMBXF) to Overweight

Grupo Mexico (OTCMKTS:GMBXF) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Wednesday, The Fly reports.

Separately, UBS Group downgraded shares of Grupo Mexico from a “buy” rating to a “neutral” rating in a research note on Thursday, May 2nd.

GMBXF stock opened at $2.20 on Wednesday. The company’s 50-day simple moving average is $2.34 and its 200 day simple moving average is $2.56. Grupo Mexico has a 52 week low of $1.87 and a 52 week high of $3.15.

Grupo Mexico Company Profile

Grupo México, SAB. de C.V. engages in copper production, rail transportation, and infrastructure businesses worldwide. The company operates through Mining, transportation, and Infrastructure divisions. The Mining division explores for, exploits, and obtains minerals, metals, and other byproducts, including copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium.

Featured Article: What is quantitative easing?

The Fly

Receive News & Ratings for Grupo Mexico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Mexico and related companies with's FREE daily email newsletter.