Market analysts upgrade outlook for Cemex shares

Market analysts upgrade outlook for Cemex shares
Published: 17 June 2016

Tagged Under: Cemex Mexico 

Cemex SAB de CV was upgraded by analysts at Scotiabank from a "sector perform" rating to an "outperform" rating in a note issued to investors on Thursday, The Fly reports.

However, shares of Cemex SAB de CV traded down 2.12 per cent during trading on Thursday, hitting US$6.01. The stock had a trading volume of 1,815,899 shares.

Cemex has a 52-week low of US$3.50 and a 52-week high of US$9.40. The company has a market capitalisation of US$63.41bn and a PE ratio of 375.62. The firm has a 50-day moving average price of US$6.64 and a 200 day moving average price of $5.79.