The stock of Cemex SAB de CV (ADR) (NYSE:CX) is a huge mover today! About 6.51 million shares traded hands. Cemex SAB de CV (ADR) (NYSE:CX) has risen 22.71% since April 5, 2016 and is uptrending. It has outperformed by 20.75% the S&P500.
The move comes after 9 months positive chart setup for the $12.52B company. It was reported on Nov, 7 by Barchart.com. We have $13.13 PT which if reached, will make NYSE:CX worth $5.88B more.
Cemex SAB de CV (ADR) (NYSE:CX) Ratings Coverage
Out of 13 analysts covering CEMEX S.A.B. de C.V. (NYSE:CX), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. CEMEX S.A.B. de C.V. has been the topic of 24 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by Barclays Capital given on Thursday, April 21. The firm earned “Sector Perform” rating on Wednesday, April 6 by Scotia Capital. The firm has “Neutral” rating by Credit Suisse given on Monday, December 14. The stock of Cemex SAB de CV (ADR) (NYSE:CX) has “Equal-Weight” rating given on Monday, January 25 by Barclays Capital. Citigroup downgraded the shares of CX in a report on Thursday, October 22 to “Neutral” rating. Berenberg initiated the shares of CX in a report on Friday, September 2 with “Hold” rating. Santander downgraded Cemex SAB de CV (ADR) (NYSE:CX) on Monday, August 15 to “Hold” rating. Santander downgraded it to “Hold” rating and $8.80 target price in Tuesday, October 27 report. Barclays Capital downgraded the stock to “Equal-Weight” rating in Friday, October 23 report. The firm earned “Overweight” rating on Monday, August 15 by JP Morgan.
According to Zacks Investment Research, “CEMEX is one of the largest cement companies in the world, with close to 78 million metric tons of production capacity. Through operating subsidiaries in four continents, they are engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. They are also the world’s leading producer of white cement and the world’s largest trader of cement and clinker.”
Another recent and important Cemex SAB de CV (ADR) (NYSE:CX) news was published by Quotes.Wsj.com which published an article titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011.
CX Company Profile
CEMEX, S.A.B. de C.V. (CEMEX), incorporated on June 11, 1920, is an operating and holding firm engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to clients and communities in over 50 countries throughout the world. The Firm operates in various locations, including Mexico, the United States, Europe, South America, Central America, the Caribbean, Asia, the Middle East and Africa. The Company’s cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua.
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