Grupo Aeroportuario dl Srst SAB CV (ASR) Downgraded by ValuEngine to “Sell”

ValuEngine downgraded shares of Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) from a hold rating to a sell rating in a report published on Wednesday.

Several other equities research analysts have also commented on the stock. Bank of America lowered shares of Grupo Aeroportuario dl Srst SAB CV from a buy rating to a neutral rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Grupo Aeroportuario dl Srst SAB CV from a hold rating to a buy rating and set a $193.00 price target on the stock in a research note on Monday. HSBC lowered shares of Grupo Aeroportuario dl Srst SAB CV from a hold rating to a reduce rating in a research note on Monday, October 8th. Morgan Stanley lowered shares of Grupo Aeroportuario dl Srst SAB CV from an equal weight rating to an underweight rating and set a $187.00 price target on the stock. in a research note on Thursday, October 4th. Finally, UBS Group assumed coverage on shares of Grupo Aeroportuario dl Srst SAB CV in a research note on Monday, August 27th. They set a buy rating on the stock. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $199.33.

Shares of NYSE:ASR traded up $5.55 during trading hours on Wednesday, hitting $170.57. The stock had a trading volume of 4,426 shares, compared to its average volume of 44,067. Grupo Aeroportuario dl Srst SAB CV has a 1-year low of $152.40 and a 1-year high of $212.70. The firm has a market capitalization of $4.42 billion, a P/E ratio of 17.12 and a beta of 0.66. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.44.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hexavest Inc. acquired a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the third quarter valued at approximately $117,000. UBS Group AG increased its stake in shares of Grupo Aeroportuario dl Srst SAB CV by 152.9% during the first quarter. UBS Group AG now owns 2,175 shares of the transportation company’s stock valued at $371,000 after acquiring an additional 1,315 shares during the period. Capital Fund Management S.A. acquired a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the second quarter valued at approximately $446,000. Oppenheimer & Co. Inc. acquired a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the third quarter valued at approximately $610,000. Finally, Sei Investments Co. acquired a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the second quarter valued at approximately $617,000. Institutional investors and hedge funds own 19.40% of the company’s stock.

Grupo Aeroportuario dl Srst SAB CV Company Profile

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. It operates nine airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan. The company provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services.

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