Cemex S.A.B. de C.V. (NYSE:CX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “CEMEX is one of the largest cement companies in the world, with close to 78 million metric tons of production capacity. Through operating subsidiaries in four continents, they are engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. They are also the world’s leading producer of white cement and the world’s largest trader of cement and clinker. “

Several other equities research analysts have also recently weighed in on CX. UBS AG upgraded Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 4th. BidaskClub upgraded Cemex S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Citigroup Inc. cut Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 target price for the company. in a research note on Monday, July 17th. Longbow Research upgraded Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Friday, March 31st. Finally, Bank of America Corporation upgraded Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and increased their price target for the company from $10.10 to $10.60 in a research note on Tuesday, June 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. Cemex S.A.B. de C.V. has an average rating of “Buy” and a consensus price target of $10.62.

Shares of Cemex S.A.B. de C.V. (NYSE:CX) traded down 0.20% during trading on Tuesday, reaching $10.10. The company’s stock had a trading volume of 6,064,610 shares. The firm’s 50-day moving average is $9.51 and its 200 day moving average is $8.78. The company has a market cap of $147.49 billion, a PE ratio of 138.36 and a beta of 1.34. Cemex S.A.B. de C.V. has a 52-week low of $6.58 and a 52-week high of $10.37.

Cemex S.A.B. de C.V. (NYSE:CX) last released its earnings results on Thursday, April 27th. The construction company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.09. Cemex S.A.B. de C.V. had a return on equity of 8.54% and a net margin of 7.66%. The firm had revenue of $3.14 billion during the quarter. On average, equities research analysts predict that Cemex S.A.B. de C.V. will post $0.56 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. increased its stake in Cemex S.A.B. de C.V. by 3.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,014 shares of the construction company’s stock worth $100,000 after buying an additional 333 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in Cemex S.A.B. de C.V. during the first quarter worth $100,000. CENTRAL TRUST Co increased its stake in Cemex S.A.B. de C.V. by 143.5% in the first quarter. CENTRAL TRUST Co now owns 11,171 shares of the construction company’s stock worth $101,000 after buying an additional 6,583 shares during the last quarter. First Financial Equity Corporation bought a new stake in Cemex S.A.B. de C.V. during the first quarter worth $101,000. Finally, Huntington National Bank increased its stake in Cemex S.A.B. de C.V. by 19.0% in the second quarter. Huntington National Bank now owns 10,775 shares of the construction company’s stock worth $102,000 after buying an additional 1,722 shares during the last quarter. Institutional investors and hedge funds own 38.88% of the company’s stock.

About Cemex S.A.B. de C.V.

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

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