Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Grupo Mexico, S.A.B. de C.V. has received an average recommendation of "Hold" from six analysts, with five holding that rating and one granting a buy rating.
• Recent research reports have shown a trend of conservative outlooks, with Jefferies Financial Group and Goldman Sachs both downgrading the stock to a "hold" rating.
• The stock's performance shows a 1-year low of $4.39 and a 1-year high of $9.00, with current trading at approximately $7.58.

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report) has received an average recommendation of "Hold" from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company.

GMBXF has been the subject of several research reports. Jefferies Financial Group downgraded shares of Grupo Mexico from a "strong-buy" rating to a "hold" rating in a report on Monday. HSBC lowered Grupo Mexico to a "hold" rating in a research report on Monday. Morgan Stanley raised Grupo Mexico to an "overweight" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group lowered Grupo Mexico from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 17th. Finally, Hsbc Global Res raised Grupo Mexico to a "hold" rating in a research report on Monday.

Grupo Mexico Stock Performance

Shares of OTCMKTS GMBXF opened at $7.58 on Wednesday. The company has a 50 day simple moving average of $7.11 and a 200-day simple moving average of $6.04. Grupo Mexico has a 1 year low of $4.39 and a 1 year high of $9.00.

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.

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