Grupo Mexico (OTCMKTS:GMBXF) Sets New 12-Month High – Here’s What Happened

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $9.10 and last traded at $8.84, with a volume of 40438 shares trading hands. The stock had previously closed at $8.8480.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GMBXF. Jefferies Financial Group lowered Grupo Mexico from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. The Goldman Sachs Group cut shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. HSBC reissued a “hold” rating on shares of Grupo Mexico in a research report on Friday, October 17th. Morgan Stanley upgraded Grupo Mexico to an “overweight” rating in a research note on Tuesday, July 15th. Finally, Hsbc Global Res raised shares of Grupo Mexico to a “hold” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Grupo Mexico currently has a consensus rating of “Hold”.

Grupo Mexico Stock Performance

The company’s fifty day moving average is $7.95 and its 200-day moving average is $6.65.

Grupo Mexico Company Profile

Grupo México, SAB. de C.V. engages in copper production, cargo transportation, and infrastructure businesses worldwide. The company operates through Mining, Transportation, and Infrastructure divisions. The Mining division explores for copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium.