Wal-mart de Mexico S A B de C V (WMMVY) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Wal-mart de Mexico S A B de C V (OTCMKTS:WMMVY) from a hold rating to a sell rating in a research report sent to investors on Friday morning, Zacks.com reports.

According to Zacks, “WAL-MART de Mexico-ADR operates 587 commercial units, including self-service stores, department, and restaurants. “

Separately, Goldman Sachs Group initiated coverage on Wal-mart de Mexico S A B de C V in a report on Tuesday, February 5th. They set a buy rating on the stock.

Shares of OTCMKTS:WMMVY opened at $28.86 on Friday. The stock has a market cap of $50.11 billion, a P/E ratio of 29.45, a P/E/G ratio of 3.13 and a beta of 0.61. Wal-mart de Mexico S A B de C V has a one year low of $23.08 and a one year high of $31.13.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 11th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from Wal-mart de Mexico S A B de C V’s previous quarterly dividend of $0.14. This represents a $0.62 annualized dividend and a yield of 2.15%. Wal-mart de Mexico S A B de C V’s payout ratio is currently 35.71%.

Wal-mart de Mexico S A B de C V Company Profile

Wal-Mart de México, SAB. de C.V. owns and operates self-service stores in Mexico and Central America. The company operates discount stores, hypermarkets, supermarkets, membership self-service wholesale stores, and pharmacies. It operates 1,820 Bodega Aurrerá discount stores, 270 Walmart hypermarkets, 94 Superama supermarkets, 162 Sam's Club membership self-service wholesale stores, and 10 Medimart pharmacies.

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