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Enter Symbol:
 
Cemex S.a.b. De C.v. (CX) [hlAlert]

Rating:
Neutral CX
down 39.51 %

Cemex S.a.b. De C.v. (CX) downgraded to Neutral by Citigroup

Posted on: Thursday,  Oct 22, 2015  12:25 PM ET by Citigroup

Citigroup rated Neutral Cemex S.a.b. De C.v. (NYSE: CX) on 10/22/2015. Previously Citigroup rated Buy Cemex S.a.b. De C.v. (NYSE: CX) on
08/12/2013., when the stock price was $11.79. Since then, Cemex S.a.b. De C.v. has lost 39.52% as of 10/22/2015's recent price of $7.13.
If you would have followed the previous Citigroup's recommendation on CX, you would have lost 39.51% of your investment in 801 days.

CEMEX, S.A.B. de C.V. (CEMEX) is a Mexico-based holding company of entities whose main activities are oriented to the construction industry, through the production, marketing, distribution and sale of cement, ready-mix concrete, aggregates and other construction materials. CEMEX is a global cement manufacturer with operations in North America, Europe, South America, Central America, the Caribbean, Africa, the Middle East, Australia and Asia. The Company, through its operating subsidiaries, is engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. As of December 31, 2008, the Company?s main cement production facilities were located in Mexico, the United States, Spain, the United Kingdom, Germany, Poland, Croatia, Latvia, Colombia, Costa Rica, the Dominican Republic, Panama, Nicaragua, Puerto Rico, Egypt, the Philippines and Thailand. On December 26, 2008, the Company sold its Canary Islands operations.

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
10/22/2015 12:25 PM Hold
None
7.13
as of 8/27/2015
1 Week up  2.67 %
1 Month down  -20.57 %
3 Months down  -25.79 %
1 YTD down  -32.37 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/12/2013 8:25 AM Buy
None
11.79
2/4/2013 8:25 AM Hold
None
10.43
5/8/2009 8:25 AM Sell
None
9.58
10/9/2008 8:25 AM Hold
None
10.18 12.48

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