Grupo Mexico (OTCMKTS:GMBXF) Raised to Hold at Hsbc Global Res

Key Points

• Grupo Mexico has been upgraded to a "hold" rating by HSBC Global Research, following a series of adjustments from other analysts including Jefferies Financial Group and Goldman Sachs.
• The company's stock currently has a 52-week range from a low of $4.39 to a high of $9.00, with an average trading rating of "hold" based on multiple analyst reports.
• Grupo Mexico operates in various sectors including copper production, transportation, and infrastructure, emphasizing its role in mining and resource exploration.

Grupo Mexico (OTCMKTS:GMBXF - Get Free Report) was upgraded by analysts at Hsbc Global Res to a "hold" rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts have also issued reports on the company. HSBC lowered Grupo Mexico to a "hold" rating in a report on Monday. Jefferies Financial Group cut Grupo Mexico from a "strong-buy" rating to a "hold" rating in a research report on Monday. Morgan Stanley upgraded Grupo Mexico to an "overweight" rating in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group cut Grupo Mexico from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold".

Grupo Mexico Stock Performance

GMBXF opened at $7.58 on Monday. Grupo Mexico has a 52 week low of $4.39 and a 52 week high of $9.00. The business has a fifty day simple moving average of $7.11 and a 200-day simple moving average of $6.04.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.