Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) from a hold rating to a sell rating in a research note published on Wednesday morning.

According to Zacks, “Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. “

A number of other research firms have also issued reports on ASR. BidaskClub lowered Grupo Aeroportuario del Sureste, S.A. de C.V. from a strong-buy rating to a buy rating in a research report on Monday, July 24th. Royal Bank Of Canada restated an outperform rating on shares of Grupo Aeroportuario del Sureste, S.A. de C.V. in a research report on Thursday, September 7th. Scotiabank lowered Grupo Aeroportuario del Sureste, S.A. de C.V. from an outperform rating to a sector perform rating and boosted their price objective for the company from $185.00 to $202.00 in a research report on Thursday, September 7th. lowered Grupo Aeroportuario del Sureste, S.A. de C.V. from a buy rating to a hold rating in a research report on Tuesday, October 3rd. Finally, UBS AG upgraded Grupo Aeroportuario del Sureste, S.A. de C.V. from a sell rating to a neutral rating in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Grupo Aeroportuario del Sureste, S.A. de C.V. has an average rating of Hold and a consensus price target of $213.00.

Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) traded up $2.16 during trading hours on Wednesday, reaching $170.36. The company had a trading volume of 87,600 shares, compared to its average volume of 59,135. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $131.72 and a twelve month high of $229.45. The firm has a market cap of $5,170.00, a price-to-earnings ratio of 21.76, a P/E/G ratio of 4.50 and a beta of 0.60. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.44.

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Hedge funds have recently made changes to their positions in the business. Bank of Montreal Can boosted its position in Grupo Aeroportuario del Sureste, S.A. de C.V. by 6.1% during the 2nd quarter. Bank of Montreal Can now owns 9,669 shares of the transportation company’s stock worth $2,035,000 after acquiring an additional 552 shares during the period. KCG Holdings Inc. acquired a new position in Grupo Aeroportuario del Sureste, S.A. de C.V. during the 1st quarter worth $272,000. JPMorgan Chase & Co. boosted its position in Grupo Aeroportuario del Sureste, S.A. de C.V. by 6.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 580,034 shares of the transportation company’s stock worth $122,039,000 after acquiring an additional 36,658 shares during the period. Forsta AP Fonden boosted its position in Grupo Aeroportuario del Sureste, S.A. de C.V. by 787.1% during the 2nd quarter. Forsta AP Fonden now owns 27,500 shares of the transportation company’s stock worth $5,786,000 after acquiring an additional 24,400 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Grupo Aeroportuario del Sureste, S.A. de C.V. by 104.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,366 shares of the transportation company’s stock worth $3,528,000 after acquiring an additional 10,426 shares during the period. Institutional investors own 33.71% of the company’s stock.

Grupo Aeroportuario del Sureste, S.A. de C.V. Company Profile

Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a Mexico-based holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services.

Analyst Recommendations for Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

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