Grana y Montero S.A.A. (GRAM) Upgraded by BidaskClub to “Strong-Buy”
Grana y Montero S.A.A. (NYSE:GRAM) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.
Separately, ValuEngine cut shares of Grana y Montero S.A.A. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
Grana y Montero S.A.A. (NYSE:GRAM) opened at 4.15 on Thursday. The stock’s market capitalization is $547.84 million. The firm has a 50-day moving average of $3.38 and a 200 day moving average of $3.27. Grana y Montero S.A.A. has a one year low of $2.16 and a one year high of $8.77.
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A number of hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Grana y Montero S.A.A. in the 2nd quarter worth approximately $223,000. Public Employees Retirement System of Ohio acquired a new stake in Grana y Montero S.A.A. in the 2nd quarter worth approximately $122,000. State Street Corp acquired a new stake in Grana y Montero S.A.A. in the 2nd quarter worth approximately $605,000. Northern Trust Corp acquired a new stake in Grana y Montero S.A.A. in the 2nd quarter worth approximately $308,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in Grana y Montero S.A.A. in the 2nd quarter worth approximately $278,000. Institutional investors own 11.75% of the company’s stock.
About Grana y Montero S.A.A.
Grana y Montero SAA is a Peru-based holding company primarily engaged in the four business areas: Construction and Engineering Industry, Real Estate, Oil Services, and Operation of Public Concessions and Business Support Services. Through its subsidiaries, the Company provides such services as the development and management of real estate properties and leisure facilities; the exploration, production and sale of oil, natural gas and its derivates; the storage and distribution of combustibles; information technology services; engineering consultancy; the operation and maintenance of rails and roads concessions; as well as the execution and management of projects related to the generation of electric power; among others.
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