Cemex S.A.B. de C.V. (CX) : Analyst Rating Update

Cemex S.A.B. de C.V. (CX) has an average broker rating of 1.44, which is interpreted as a Strong Buy, as rated by 9 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Cemex S.A.B. de C.V. (CX) : The highest short term price target forecast on Cemex S.A.B. de C.V. (CX) is $10 and the lowest target price is $7. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $8.52 with a standard deviation of $0.94.

Cemex S.A.B. de C.V. (NYSE:CX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.73 and $5.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.87, notching a gain of 1.03% for the day. The total traded volume was 7,021,421 . The stock had closed at $5.81 on the previous day.

Also, Equity Analysts at the Citigroup reinstates the rating on Cemex S.A.B. de C.V. (NYSE:CX). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $7 per share to $8.3 per share. The rating by the firm was issued on April 26, 2016. The company shares have dropped -30.55% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $9.72 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.31 and the 200 Day Moving Average price is recorded at $5.87.

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 Companys 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.

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