The stock of Grupo Aeroportr dl Pcfco SAB de CV (ADR) (NYSE:PAC) is a huge mover today! About 241,787 shares traded hands or 173.06% up from the average. Grupo Aeroportr dl Pcfco SAB de CV (ADR) (NYSE:PAC) has declined 0.05% since April 8, 2016 and is downtrending. It has underperformed by 5.70% the S&P500.
The move comes after 5 months negative chart setup for the $4.52B company. It was reported on Nov, 10 by Barchart.com. We have $76.31 PT which if reached, will make NYSE:PAC worth $271.20M less.
Grupo Aeroportr dl Pcfco SAB de CV (ADR) (NYSE:PAC) Ratings Coverage
Out of 3 analysts covering Grupo Aeroportuario del Pacifico (NYSE:PAC), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. Grupo Aeroportuario del Pacifico has been the topic of 6 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks on Tuesday, August 11 to “Buy”. The rating was upgraded by JP Morgan to “Overweight” on Friday, October 30. The stock has “Sector Perform” rating given by Howard Weil on Monday, November 2. The firm has “Underperform” rating by Bank of America given on Thursday, June 2.
According to Zacks Investment Research, “Grupo Aeroportuario del Pacifico was constituted as part of the process of opening to the private investment the Mexican airport system. Currently the aeronautic infrastructure has become the base of every service of air transportation; constituting this a pole of development around which a series of activities of great economic importance is articulated: business, aeronautic services, commerce, business, etc. It administers, operates, maintains and develops twelve airports in the regions of the Pacific and Center of Mexico, in the cities of Guadalajara, Hermosillo, Puerto Vallarta, Aguascalientes, La Paz, Tijuana, Leon, among other.”
Another recent and important Grupo Aeroportr dl Pcfco SAB de CV (ADR) (NYSE:PAC) news was published by Zacks.com which published an article titled: “New Strong Buy Stocks for May 13th” on May 13, 2016.
PAC Company Profile
Grupo Aeroportuario del Pacifico, S.A.B. de C.V., incorporated on June 25, 1998, is a holding company. The Firm holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company’s divisions include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies. The Other Companies segment includes Servicios a la Infraestructura Aeroportuaria del Pacifico, S.A. de C.V. (SIAP), a firm that provides technical assistance and professional services; Corporativo de Servicios Aeroportuarios, S.A. de C.V. (CORSA), a firm that provides operative services specialized in aeronautical industry; Puerta Cero Parking, S.A. de C.V. (PCP), a firm that manages the parking lot operation; Fundacion Grupo Aeroportuario del Pacifico, A.C. (Fundacion GAP), and Desarrollo de Concesiones Aeroportuarias, S.L. (DCA), as well as the Company’s own operation (including investments in subsidiaries).
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