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Grana y Montero SA (NASDAQ:GRAM)‘s stock had its “overweight” rating reiterated by analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday. They currently have a $24.33 price objective on the stock, up from their previous price objective of $21.10. Morgan Stanley’s price target would suggest a potential upside of 47.54% from the stock’s previous close.

The analysts wrote, “Underperforming for the first time in years: It started just after the conference in Miami in mid-January, when management first mentioned some issues in the Linea 2 of Lima metro. Since January 17, GRAM is down -25% in PEN, underperforming Lima SE General by 22 percentage points; it is now trading close to its lowest absolute level since 2012.”

Shares of Grana y Montero SA (NASDAQ:GRAM) traded down 0.30% during mid-day trading on Tuesday, hitting $16.44. 500 shares of the company’s stock traded hands. Grana y Montero SA has a 52-week low of $15.94 and a 52-week high of $22.14. The stock has a 50-day moving average of $17.07 and a 200-day moving average of $18.87. The company has a market cap of $2.170 billion and a price-to-earnings ratio of 17.92.

Grana y Montero SA (NASDAQ:GRAM) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.43. On average, analysts predict that Grana y Montero SA will post $1.25 earnings per share for the current fiscal year.

Separately, analysts at Zacks downgraded shares of Grana y Montero SA from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 13th. They now have a $16.70 price target on the stock.

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