Grana y Montero SAA (GRAM) Lowered to D at TheStreet

Grana y Montero SAA (NYSE:GRAM) was downgraded by analysts at TheStreet from a “c-” rating to a “d” rating in a research report issued on Tuesday.

A number of other equities research analysts also recently commented on GRAM. BidaskClub downgraded Grana y Montero SAA from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 10th. ValuEngine raised Grana y Montero SAA from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st.

Grana y Montero SAA (NYSE GRAM) traded down $0.03 during trading on Tuesday, hitting $2.96. The company had a trading volume of 2,313 shares, compared to its average volume of 186,726. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.23 and a quick ratio of 1.16. Grana y Montero SAA has a 12-month low of $2.16 and a 12-month high of $5.24. The firm has a market capitalization of $392.07, a P/E ratio of -8.71 and a beta of 0.64.

A number of hedge funds have recently made changes to their positions in the stock. Deltec Asset Management LLC raised its position in Grana y Montero SAA by 15.7% during the fourth quarter. Deltec Asset Management LLC now owns 334,800 shares of the construction company’s stock valued at $954,000 after acquiring an additional 45,503 shares in the last quarter. Aperio Group LLC raised its position in Grana y Montero SAA by 87.5% during the fourth quarter. Aperio Group LLC now owns 61,205 shares of the construction company’s stock valued at $174,000 after acquiring an additional 28,564 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Grana y Montero SAA during the third quarter valued at approximately $508,000. GMT Capital Corp purchased a new position in Grana y Montero SAA during the third quarter valued at approximately $1,002,000. Finally, Commonwealth Equity Services Inc raised its position in Grana y Montero SAA by 15.8% during the third quarter. Commonwealth Equity Services Inc now owns 271,160 shares of the construction company’s stock valued at $1,304,000 after acquiring an additional 36,983 shares in the last quarter. Institutional investors own 13.69% of the company’s stock.

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Grana y Montero SAA Company Profile

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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