Loma Negra Compania Industrial Argentina S.A. Sponsored ADR’s (LOMA) Quiet Period To Expire on December 11th

Loma Negra Compania Industrial Argentina’s (NYSE:LOMA) quiet period will expire on Monday, December 11th. Loma Negra Compania Industrial Argentina had issued 46,000,000 shares in its initial public offering on November 1st. The total size of the offering was $874,000,000 based on an initial share price of $19.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Several analysts recently issued reports on the stock. HSBC assumed coverage on shares of Loma Negra Compania Industrial Argentina in a research note on Tuesday, November 28th. They set a “hold” rating and a $21.50 price objective for the company. Bank of America assumed coverage on shares of Loma Negra Compania Industrial Argentina in a research note on Monday, November 27th. They set a “neutral” rating and a $26.00 price objective for the company. Morgan Stanley assumed coverage on shares of Loma Negra Compania Industrial Argentina in a research note on Monday, November 27th. They set an “equal weight” rating and a $26.00 price objective for the company. Finally, Citigroup assumed coverage on shares of Loma Negra Compania Industrial Argentina in a research note on Monday, November 27th. They set a “neutral” rating for the company.

Loma Negra Compania Industrial Argentina (LOMA) opened at $22.00 on Monday. Loma Negra Compania Industrial Argentina has a fifty-two week low of $20.80 and a fifty-two week high of $23.92.

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Loma Negra Compania Industrial Argentina Company Profile

Loma Negra Compania Industrial Argentina SA is an Argentina-based company engaged in the cement and concrete segment. The Company focuses on the manufacture and commercialization of cement and related products, such as lime, masonry cement, as well as concrete and aggregates. The Company offers Portland cement, lime and masonry cement packed in bags.

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