Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

Several research analysts have issued reports on GMBXF shares. The Goldman Sachs Group downgraded shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Hsbc Global Res raised Grupo Mexico to a “hold” rating in a report on Monday, October 6th. Morgan Stanley upgraded Grupo Mexico to an “overweight” rating in a research report on Tuesday, July 15th. Jefferies Financial Group cut Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, HSBC reissued a “hold” rating on shares of Grupo Mexico in a report on Friday, October 17th.

Grupo Mexico Stock Up 0.4%

Shares of Grupo Mexico stock opened at $8.58 on Friday. The firm’s fifty day simple moving average is $7.83 and its 200-day simple moving average is $6.56. Grupo Mexico has a 12 month low of $4.39 and a 12 month high of $9.09.

Grupo Mexico Company Profile

Grupo México, SAB. de C.V. engages in copper production, cargo transportation, and infrastructure businesses worldwide. The company operates through Mining, Transportation, and Infrastructure divisions. The Mining division explores for copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium.