Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. “

ASR has been the subject of several other reports. Scotiabank cut shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $185.00 to $202.00 in a research note on Thursday, September 7th. BidaskClub cut shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Morgan Stanley cut shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 30th. Royal Bank Of Canada restated an “outperform” rating on shares of Grupo Aeroportuario del Sureste, S.A. de C.V. in a research note on Thursday, September 7th. Finally, UBS AG cut shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Grupo Aeroportuario del Sureste, S.A. de C.V. presently has a consensus rating of “Hold” and an average target price of $213.00.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) traded down 0.032% on Thursday, hitting $200.175. 36,920 shares of the stock traded hands. The firm has a market cap of $60.05 billion, a price-to-earnings ratio of 249.595 and a beta of 0.58. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 12-month low of $131.72 and a 12-month high of $229.45. The stock has a 50-day moving average of $205.69 and a 200-day moving average of $194.63.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) last released its earnings results on Thursday, July 20th. The transportation company reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.10. The firm had revenue of $158.17 million during the quarter. Grupo Aeroportuario del Sureste, S.A. de C.V. had a net margin of 39.61% and a return on equity of 18.02%. Analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post $8.22 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in ASR. Tower Research Capital LLC TRC acquired a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. in the 1st quarter valued at $229,000. Wetherby Asset Management Inc. acquired a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. in the 2nd quarter valued at $252,000. KCG Holdings Inc. acquired a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. in the 1st quarter valued at $272,000. Citadel Advisors LLC acquired a new position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. in the 1st quarter valued at $287,000. Finally, Comerica Bank raised its stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 1.3% in the 1st quarter. Comerica Bank now owns 1,588 shares of the transportation company’s stock valued at $298,000 after buying an additional 21 shares in the last quarter. Institutional investors own 32.90% of the company’s stock.

Grupo Aeroportuario del Sureste, S.A. de C.V. Company Profile

Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a Mexico-based holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services.

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Analyst Recommendations for Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

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