Grupo Aeroportuario dl Srst SAB CV (ASR) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) from a buy rating to a hold rating in a research note issued to investors 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 equities research analysts have also issued reports on the company. ValuEngine lowered Grupo Aeroportuario dl Srst SAB CV from a hold rating to a sell rating in a research note on Wednesday. Bank of America lowered Grupo Aeroportuario dl Srst SAB CV from a buy rating to a neutral rating in a research note on Tuesday, October 30th. HSBC downgraded Grupo Aeroportuario dl Srst SAB CV from a hold rating to a reduce rating in a report on Monday, October 8th. Morgan Stanley downgraded Grupo Aeroportuario dl Srst SAB CV from an equal weight rating to an underweight rating and set a $187.00 price target for the company. in a report on Thursday, October 4th. Finally, UBS Group began coverage on Grupo Aeroportuario dl Srst SAB CV in a report on Monday, August 27th. They issued a buy rating for the company. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $199.33.

Shares of ASR stock traded down $4.93 during trading hours on Wednesday, reaching $171.30. The company had a trading volume of 46,653 shares, compared to its average volume of 49,590. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.87 and a current ratio of 2.87. Grupo Aeroportuario dl Srst SAB CV has a twelve month low of $152.40 and a twelve month high of $212.70. The firm has a market cap of $4.75 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 4.67 and a beta of 0.87.

Institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. purchased a new position in Grupo Aeroportuario dl Srst SAB CV in the second quarter valued at about $617,000. Millennium Management LLC purchased a new position in Grupo Aeroportuario dl Srst SAB CV in the second quarter valued at about $4,268,000. Bank of America Corp DE boosted its holdings in Grupo Aeroportuario dl Srst SAB CV by 89.2% in the second quarter. Bank of America Corp DE now owns 39,154 shares of the transportation company’s stock valued at $6,231,000 after purchasing an additional 18,461 shares during the last quarter. WCM Investment Management CA boosted its holdings in Grupo Aeroportuario dl Srst SAB CV by 4.1% in the third quarter. WCM Investment Management CA now owns 16,851 shares of the transportation company’s stock valued at $3,457,000 after purchasing an additional 665 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Grupo Aeroportuario dl Srst SAB CV by 8.9% in the first quarter. BlackRock Inc. now owns 372,854 shares of the transportation company’s stock valued at $63,597,000 after purchasing an additional 30,318 shares during the last quarter. 19.40% of the stock is owned by hedge funds and other institutional investors.

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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