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

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03/22/2016 | 09:53pm CET

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]

Valeurs citées dans l'article
ChangeLast1st jan.
AMERICA MOVIL SAB DE CV -0.17% 17.75 End-of-day quote.2.54%
MEXICO IPC -0.34% 48745.92 Real-time Quote.-3.05%
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Financials ( MXN)
Sales 2018 271 B
EBIT 2018 51 152 M
Net income 2018 13 620 M
Debt 2018 205 B
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 1,51x
EV / Sales 2019 1,52x
Capitalization 203 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
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 19,8  MXN
Spread / Average Target 42%
EPS Revisions
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-3.81%10 837
LAFARGEHOLCIM-1.00%35 833
CRH PLC-4.70%29 350
HEIDELBERGCEMENT-7.63%20 429
ULTRATECH CEMENT-2.73%17 436
VULCAN MATERIALS COMPANY0.97%16 464