Cemex SAB de CV (ADR) (CX) is Downgraded by Citigroup to Neutral

Cemex SAB de CV (ADR) (CX) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Apr 27, 2016.

Many Wall Street Analysts have commented on Cemex SAB de CV (ADR). BB&T Capital Mkts Upgraded Cemex SAB de CV (ADR) on Mar 21, 2016 to ” Buy”, Price Target of the shares are set at $9.Cemex SAB de CV (ADR) was Upgraded by Credit Suisse to ” Outperform” on Mar 18, 2016. Cemex SAB de CV (ADR) was Upgraded by Citigroup to ” Buy” on Feb 2, 2016.

Cemex SAB de CV (ADR) opened for trading at $7.51 and hit $7.66 on the upside on Friday, eventually ending the session at $7.58, with a gain of 0.80% or 0.06 points. The heightened volatility saw the trading volume jump to 1,07,96,540 shares. Company has a market cap of $9,568 M.

CEMEX S.A.B. de C.V. (CEMEX) is an operating and holding company 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 customers and communities in more than 50 countries throughout the world. The Company operates in geographical segments: Mexico United States Northern Europe Mediterranean South America and the Caribbean (SAC) and Asia. Its types of cement include Gray Ordinary Portland Cement White Portland Cement Masonry or Mortar Oil-well Cement and Blended Cement. The Company’s main cement production facilities are located in Mexico the United States Spain Egypt Germany Colombia the Philippines Poland the Dominican Republic the United Kingdom Croatia Panama Latvia Puerto Rico Thailand Costa Rica and Nicaragua.

Cemex SAB de CV (ADR)

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