The stock of Cemex SAB de CV (ADR) (NYSE:CX) is a huge mover today! About 12.00M shares traded hands. Cemex SAB de CV (ADR) (NYSE:CX) has risen 6.56% since April 13, 2016 and is uptrending. It has outperformed by 2.63% the S&P500.
The move comes after 6 months positive chart setup for the $10.81B company. It was reported on Nov, 15 by Barchart.com. We have $10.47 PT which if reached, will make NYSE:CX worth $3.89 billion 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 rating was upgraded by Barclays Capital to “Overweight” on Thursday, April 21. The firm has “Sector Perform” rating given on Wednesday, April 6 by Scotia Capital. The firm has “Buy” rating by BB&T Capital given on Monday, March 21. The stock of Cemex SAB de CV (ADR) (NYSE:CX) earned “Neutral” rating by Credit Suisse on Monday, December 14. Barclays Capital downgraded it to “Equal-Weight” rating and $9 target price in Friday, October 23 report. JP Morgan maintained Cemex SAB de CV (ADR) (NYSE:CX) on Monday, August 15 with “Overweight” rating. Berenberg initiated the shares of CX in a report on Friday, September 2 with “Hold” rating. The firm has “Hold” rating by Santander given on Tuesday, October 27. The stock has “Neutral” rating given by Citigroup on Thursday, October 22. Santander downgraded the stock to “Hold” rating in Monday, August 15 report.
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.”
More recent Cemex SAB de CV (ADR) (NYSE:CX) news were published by: Investorplace.com which released: “Why Coty Inc (COTY), Centene Corp (CNC) and Cemex SAB de CV (ADR) (CX) Are 3 …” on November 09, 2016. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on June 15, 2009. Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: February 11, 2011 was also an interesting one.
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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