Scotia Capital Analysts Downgrade Cemex SAB de CV (CX) Shares to "Sector Perform"
Monday, July 11, 2021 1:41 PM

Equities research analysts at Scotia Capital downgraded shares of Cemex SAB de CV (NYSE: CX) to a "sector perform" rating in a research note to investors on Monday.

Separately, analysts at Jefferies cut their price target on shares of Cemex SAB de CV to $11.00 in a research note to investors on Wednesday, July 6th. Also, analysts at Morgan Stanley (NYSE: MS) downgraded shares of Cemex SAB de CV to an "underweight" rating in a research note to investors on Tuesday, July 5th.

Shares of Cemex SAB de CV traded down 4.54% during mid-day trading on Tuesday, hitting $7.99. Cemex SAB de CV has a 52 week low of $7.46 and a 52 week high of $11.47. The stock's 50-day moving average is $8.44 and its 200-day moving average is $9.30. The company has a market cap of $8.314 billion.

CEMEX, S.A.B. de C.V. (CEMEX) is a global cement manufacturer with operations in North America, Europe, South America, Central America, the Caribbean, Africa, the Middle East and Asia. The Company is a holding company engaged through the operating subsidiaries in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. As of December 31, 2009, the Company’s cement production facilities were located in Mexico, the United States, Spain, the United Kingdom, Germany, Poland, Croatia, Latvia, Colombia, Costa Rica, the Dominican Republic, Panama, Nicaragua, Puerto Rico, Egypt, the Philippines and Thailand.

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