Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Stock Breaks Above Fifty Day Moving Average - Time to Sell?

Key Points

• Walmex shares rose above their 50-day moving average, reaching $27.10 before closing at $26.7350, compared with a 50-day average of $26.69.
• Analyst sentiment is strongly negative: Zacks downgraded the stock to “strong sell,” HSBC lowered it to “reduce,” and MarketBeat’s consensus rating is “Strong Sell” with a $42.00 target price.
• The company’s latest quarterly results were mixed, with revenue of $14.42 billion exceeding estimates but earnings per share of $0.37 falling short of the $0.42 consensus forecast.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $26.69 and traded as high as $27.10. Wal-Mart de Mexico SAB de CV shares last traded at $26.7350, with a volume of 217,502 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on WMMVY. Zacks Research downgraded Wal-Mart de Mexico SAB de CV from a "hold" rating to a "strong sell" rating in a report on Tuesday. HSBC cut shares of Wal-Mart de Mexico SAB de CV to a "reduce" rating and set a $42.00 target price for the company. in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Wal-Mart de Mexico SAB de CV currently has an average rating of "Strong Sell" and an average target price of $42.00.

Wal-Mart de Mexico SAB de CV Price Performance

The stock has a market capitalization of $46.25 billion, a P/E ratio of 16.61, a PEG ratio of 5.89 and a beta of 0.63. The stock's fifty day moving average is $26.69 and its 200-day moving average is $29.98.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Get Free Report) last posted its earnings results on Tuesday, October 27th. The company reported $0.37 earnings per share 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 4.79% and a return on equity of 20.72%. The company had revenue of $14.42 billion for the quarter, compared to the consensus estimate of $13.88 billion. On average, research analysts expect that Wal-Mart de Mexico SAB de CV will post 1.69 EPS for the current year.

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

An institutional investor recently raised its stake in Wal-Mart de Mexico SAB de CV stock. Ferguson Wellman Capital Management Inc. grew its position in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY - Free Report) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 544,703 shares of the company's stock after purchasing an additional 16,289 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in Wal-Mart de Mexico SAB de CV were worth $16,020,000 as of its most recent SEC filing.

Wal-Mart de Mexico SAB de CV Company Profile

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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