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

Rating:
Underweight
CX
up 21.37 %

Cemex S.a.b. De C.v. (CX) rated Underweight with price target $3.40 by HSBC Securities

Posted on: Monday,  Sep 19, 2011  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Cemex S.a.b. De C.v. (NYSE: CX) on 09/19/2011. Previously HSBC Securities rated Underweight Cemex S.a.b. De C.v. (NYSE: CX)
on 02/09/2011., when the stock price was $9.32. Since then, Cemex S.a.b. De C.v. has lost 17.61% as of 10/23/2015's recent price of $7.68.
If you would have followed the previous HSBC Securities's recommendation on CX, you would have gained 21.37% of your investment in 1717 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.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/19/2011 8:25 AM Sell
None
4.56 3.26
as of 12/30/2011
1 Week up  0.91 %
1 Month down  -15.66 %
3 Months down  -70.56 %
1 YTD down  -13.47 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/9/2011 8:25 AM Sell
None
9.32 8.64

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