The stock of Grupo Aeroportuario dl Srst SAB CV (ADR) (NYSE:ASR) hit a new 52-week high and has $238.12 target or 45.00% above today’s $164.22 share price. The 6 months bullish chart indicates low risk for the $4.89 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $238.12 price target is reached, the company will be worth $2.20 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 82,099 shares traded hands or 42.56% up from the average. Grupo Aeroportuario dl Srst SAB CV (ADR) (NYSE:ASR) has risen 5.95% since April 5, 2016 and is uptrending. It has outperformed by 3.99% the S&P500.
According to Zacks Investment Research, “Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico.”
Another recent and important Grupo Aeroportuario dl Srst SAB CV (ADR) (NYSE:ASR) news was published by Reuters.com which published an article titled: “Grupo Aeroportuario del Sureste to propose dividend” on March 10, 2015.
ASR Company Profile
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR), incorporated on April 30, 1998, is a holding company. The Firm and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico. The Firm operates through divisions, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services. The airports are located in Cancun, Cozumel, Merida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula and Minatitlan. Approximately eight Mexican and over 80 international airlines, including the United States airlines, such as American Airlines and United Air Lines are operating directly or through code-sharing arrangements in the Company’s airports.
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