Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Given Average Rating of “Hold” by Analysts

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

GMBXF has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of Grupo Mexico to an “overweight” rating in a report on Tuesday, July 15th. HSBC reissued a “hold” rating on shares of Grupo Mexico in a research note on Friday, October 17th. The Goldman Sachs Group cut shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Hsbc Global Res upgraded Grupo Mexico to a “hold” rating in a report on Monday, October 6th. Finally, Jefferies Financial Group cut Grupo Mexico from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th.

Grupo Mexico Stock Performance

Shares of OTCMKTS:GMBXF opened at $8.66 on Friday. Grupo Mexico has a 52-week low of $4.39 and a 52-week high of $9.09. The stock’s fifty day simple moving average is $7.86 and its 200-day simple moving average is $6.59.

About Grupo Mexico

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.