Grupo Mexico (OTCMKTS:GMBXF) Hits New 1-Year High - What's Next?

Key Points

• Grupo Mexico's stock reached a new 52-week high of $7.03, up from a previous close of $6.90, with a trading volume of 10,999 shares.
• Morgan Stanley upgraded Grupo Mexico to an "overweight" rating, highlighting the stock's potential for growth with an average rating of "Moderate Buy".
• The company's operations include copper production, cargo transportation, and infrastructure, indicating a diversified business strategy.

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.03 and last traded at $7.03, with a volume of 10999 shares trading hands. The stock had previously closed at $6.90.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded Grupo Mexico to an "overweight" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Grupo Mexico Stock Up 4.7%

The stock has a fifty day simple moving average of $6.54 and a 200 day simple moving average of $5.71.

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.