Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Wal-Mart de Mexico from “hold” to “strong sell,” while HSBC assigned a “reduce” rating and a $42 price target. The analyst consensus is “strong sell,” based on two hold and three sell ratings.
• WMMVY shares opened at $25.96, near their 52-week low of $24.80 and below both the 50-day ($26.75) and 200-day ($30.04) moving averages.
• The company’s latest quarterly results were mixed: revenue of $14.42 billion exceeded estimates, but earnings per share of $0.37 missed the $0.42 consensus forecast.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) was downgraded by equities researchers at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Tuesday, Zacks reports.

Separately, HSBC cut shares of Wal-Mart de Mexico SAB de CV to a "reduce" rating and set a $42.00 price target on the stock. in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Wal-Mart de Mexico SAB de CV currently has a consensus rating of "Strong Sell" and an average price target of $42.00.

Wal-Mart de Mexico SAB de CV Stock Performance

Shares of OTCMKTS WMMVY opened at $25.96 on Tuesday. The company has a market cap of $44.91 billion, a P/E ratio of 16.22, a P/E/G ratio of 5.94 and a beta of 0.63. The firm's fifty day moving average is $26.75 and its two-hundred day moving average is $30.04. Wal-Mart de Mexico SAB de CV has a 52-week low of $24.80 and a 52-week high of $35.47.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). Wal-Mart de Mexico SAB de CV had a net margin of 4.90% and a return on equity of 21.23%. The company had revenue of $14.42 billion for the quarter, compared to the consensus estimate of $13.88 billion. As a group, analysts forecast that Wal-Mart de Mexico SAB de CV will post 1.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Wal-Mart de Mexico SAB de CV

A hedge fund recently raised its stake in Wal-Mart de Mexico SAB de CV stock. Madison Asset Management LLC boosted its position in shares of Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 16.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,001 shares of the company's stock after purchasing an additional 14,675 shares during the period. Madison Asset Management LLC's holdings in Wal-Mart de Mexico SAB de CV were worth $3,088,000 as of its most recent SEC filing.

About Wal-Mart de Mexico SAB de CV

Wal-Mart de México, SAB. de C.V., commonly known as Walmex, is a retail company that operates Walmart's business in Mexico and Central America. The company sells groceries, fresh food, household products, apparel, electronics, appliances, health and beauty products, and other general merchandise through a variety of store formats.

Walmex operates stores under brands including Walmart, Walmart Express, Bodega Aurrera and Sam's Club. Bodega Aurrera serves value-oriented consumers, while Walmart and Walmart Express offer full-service and smaller-format shopping experiences.

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