ValuEngine Upgrades Graña y Montero S.A.A. (GRAM) to “Buy”

Graña y Montero S.A.A. (NYSE:GRAM) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Separately, BidaskClub cut Graña y Montero S.A.A. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th.

Shares of Graña y Montero S.A.A. (NYSE:GRAM) traded up $0.01 during midday trading on Tuesday, reaching $3.09. The company’s stock had a trading volume of 465,300 shares, compared to its average volume of 346,653. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 1.40. Graña y Montero S.A.A. has a one year low of $2.16 and a one year high of $7.97. The stock has a market capitalization of $399.38, a PE ratio of 13.08 and a beta of 0.79.

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Several institutional investors have recently added to or reduced their stakes in GRAM. Public Employees Retirement System of Ohio purchased a new stake in shares of Graña y Montero S.A.A. during the second quarter worth approximately $122,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Graña y Montero S.A.A. during the second quarter worth approximately $223,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Graña y Montero S.A.A. during the second quarter worth approximately $278,000. Northern Trust Corp purchased a new stake in shares of Graña y Montero S.A.A. during the second quarter worth approximately $308,000. Finally, Baltimore Capital Management Inc. purchased a new stake in shares of Graña y Montero S.A.A. during the second quarter worth approximately $379,000. Institutional investors and hedge funds own 12.02% of the company’s stock.

Graña y Montero S.A.A. Company Profile

Grana y Montero SAA is a Peru-based holding company primarily engaged in the four business areas: Construction and Engineering Industry, Real Estate, Oil Services, and Operation of Public Concessions and Business Support Services. Through its subsidiaries, the Company provides such services as the development and management of real estate properties and leisure facilities; the exploration, production and sale of oil, natural gas and its derivates; the storage and distribution of combustibles; information technology services; engineering consultancy; the operation and maintenance of rails and roads concessions; as well as the execution and management of projects related to the generation of electric power; among others.

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