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Enter Symbol:
 
Grupo Aeroportuario Del Centro Norte S.a.b. De C.v. (OMAB) [hlAlert]

Rating:
Neutral OMAB

Grupo Aeroportuario Del Centro Norte S.a.b. De C.v. (OMAB) rated Neutral by JP Morgan

Posted on: Thursday,  Apr 11, 2013  8:25 AM ET by JP Morgan

Grupo Aeroportuario Del Centro Norte
S.a.b. De C.v. (NASDAQ: OMAB) rated Neutral by JP Morgan.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMA) holds concessions to operate, maintain and develop 13 airports in Mexico, which serve a major metropolitan area (Monterrey), three tourist destinations (Acapulco, Mazatlan and Zihuatanejo), regional centers (Chihuahua, Culiacan, Durango, San Luis Potos?, Tampico, Torreon and Zacatecas) and border cities (Ciudad Juarez and Reynosa). Its airports are located in nine of the 31 Mexican states, covering a territory of approximately 926,421 square kilometers. In October 2008, the Company acquired a 90% interest of Consorcio Grupo Hotelero T2, S.A. de C.V., which has the rights to develop and operate a 287-room, five-star hotel and approximately 5,000 square meters of commercial space inside the Terminal 2 of the Mexico City International Airport, under a 20-year contract with the Mexico City International Airport. The Spanish company NH Hoteles, S.A. owns the other 10% and will operate the hotel.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/11/2013 8:25 AM Hold
None
33.23
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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