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

Rating:
Sell OMAB
down 24.35 %

Grupo Aeroportuario Del Centro Norte S.a.b. De C.v. (OMAB) downgraded to Sell by Citigroup

Posted on: Wednesday,  Apr 17, 2013  9:25 AM ET by Citigroup

Citigroup rated Sell Grupo Aeroportuario Del Centro Norte S.a.b. De C.v. (NASDAQ: OMAB) on 04/17/2013, when the stock price was
$31.00. Since then, Grupo Aeroportuario Del Centro Norte S.a.b. De C.v. has gained 32.19% as of 09/08/2015's recent price of $40.98.
If you would have followed this Citigroup's recommendation on OMAB, you would have lost 24.35% of your investment in 874 days.

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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/17/2013 9:25 AM Sell
None
31.00
as of 12/13/2013
1 Week up  0.95 %
1 Month down  -10.04 %
3 Months down  -0.10 %
1 YTD up  9.90 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/19/2012 9:25 AM Hold
None
18.51

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