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4-Traders Homepage  >  Equities  >  Mexican Stock Exchange  >  Cemex SAB de CV    CEMEX CPO   MXP225611567

CEMEX SAB DE CV (CEMEX CPO)
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OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Mexico's Stocks End Higher; Peso Gains on Oil Price Recovery

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03/22/2016 | 09:53pm CEST

By Anthony Harrup

MEXICO CITY--Mexican stocks rose Tuesday to their highest close in almost a year as local investors returned from a long weekend, while a rebound in oil prices lifted the peso against the U.S. dollar.

The IPC index of most-traded stocks rose 0.3% to 45,632 points, its highest close since late April 2015.

Shares of cement and building materials company Cemex rose 4% to MXN12.44, adding to last week's hefty gains when company executives reaffirmed their commitment to improving the company's debt profile and raised their target for free-cash-flow generation this year. Credit Suisse upgraded the stock Monday.

Telecommunications company America Movil shares closed up 1.2% at MXN13.16.

The peso recovered from early losses along with oil prices. The currency was quoted in Mexico City at 17.3385 to the U.S. dollar, compared with MXN17.3940 at the close Friday. Mexican markets were closed Monday for the Benito Juarez holiday and will be closed Thursday and Friday for Easter.

In local economic news, the National Statistics Institute reported a smaller-than-expected 0.1% rise in consumer prices for the first half of March, although core prices, which exclude energy and much fresh produce, rose more than anticipated.

Tourism services and airfares ahead of the Easter holidays contributed to the 0.3% core reading, while the weaker peso continued to affect prices of some durable goods.

"Although the inflation outlook is still somewhat comfortable, the large MXN depreciation in recent months added visible upside risk to the inflation outlook despite still-sluggish real activity dynamics and evidence of just moderate pass-through," Goldman Sachs said in a note.

The Bank of Mexico is likely to continue watching for evidence of the exchange-rate effect spilling into other prices, which could prompt further interest-rate increases, Goldman Sachs added.

Write to Anthony Harrup at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
AMERICA MOVIL SAB DE CV 0.87% 16.31 End-of-day quote.-3.83%
MEXICO IPC 0.57% 46701.14 Real-time Quote.-5.95%
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Latest news on CEMEX SAB DE CV
06/21CEMEX DE CV : Supplies Concrete for Busiest Roads in Grand Canyon National Park
PU
06/12CEMEX DE CV : 10,000 Customers Embrace CEMEX Go
BU
06/07CEMEX DE CV : Launches Construrama Online Store
BU
06/06CEMEX DE CV : launches Construrama Online Store
PU
06/05CEMEX DE CV : BMV Recognizes CEMEX’s Sustainability for the Third Consecut..
BU
06/05CEMEX DE CV : BMV recognizes CEMEX's sustainability for the third consecutive ye..
PU
05/31CEMEX DE CV : Recognizes International Suppliers
BU
05/23CEMEX DE CV : participates in macro infrastructure projects at Suez Canal in Egy..
PU
05/16CEMEX VENTURES : Invests in Mexican Startup
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05/15CEMEX SAB DE CV : DEADLINE TODAY: The Schall Law Firm Announces the Filing of a..
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More news
News from SeekingAlpha
06/21After Hours Gainers / Losers (06/21/2018) 
05/23Will Cemex Ever Get All Its Ducks In A Row? 
05/21BNP Paribas jumps on the Cemex train 
05/14US CONCRETE : Rainy Days Are Over, 30%-40% Upside For This Firm 
04/27Cemex, S.A.B. de C.V. 2018 Q1 - Results - Earnings Call Slides 
Financials ( MXN)
Sales 2018 269 B
EBIT 2018 33 026 M
Net income 2018 -
Debt 2018 190 B
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 1,39x
EV / Sales 2019 1,33x
Capitalization 186 B
Chart CEMEX SAB DE CV
Duration : Period :
Cemex  SAB de CV Technical Analysis Chart | CEMEX CPO | MXP225611567 | 4-Traders
Technical analysis trends CEMEX SAB DE CV
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 18,9  MXN
Spread / Average Target 48%
Managers
NameTitle
Fernando Angel González Olivieri Chief Executive Officer & Non-Independent Director
Rogelio Zambrano Lozano Executive Chairman
Jose Antonio González Flores Chief Financial Officer & Executive VP-Finance
Dionisio Garza Medina Independent Director
Armando Jorge García Segovia Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CEMEX SAB DE CV-13.27%9 284
LAFARGEHOLCIM-8.46%30 474
CRH PLC4.06%30 426
VULCAN MATERIALS COMPANY3.79%17 392
HEIDELBERGCEMENT-16.83%16 930
ULTRATECH CEMENT-15.41%14 727