Fomento Economico Mexicano SAB (NYSE:FMX) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Wednesday.
A number of other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of Fomento Economico Mexicano SAB in a research note on Monday, August 6th. They issued an “overweight” rating on the stock. UBS Group upgraded shares of Fomento Economico Mexicano SAB from a “neutral” rating to a “buy” rating in a research note on Monday, October 1st. Zacks Investment Research upgraded shares of Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a research note on Saturday, July 14th. Finally, Gabelli reiterated a “buy” rating on shares of Fomento Economico Mexicano SAB in a research note on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy”.
FMX traded up $2.79 during midday trading on Wednesday, reaching $93.04. The company had a trading volume of 344,000 shares, compared to its average volume of 440,526. The company has a quick ratio of 1.34, a current ratio of 1.63 and a debt-to-equity ratio of 0.36. The stock has a market cap of $31.33 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.49 and a beta of 0.73. Fomento Economico Mexicano SAB has a 12-month low of $80.86 and a 12-month high of $101.12.
About Fomento Economico Mexicano SAB
Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages and a chain of small-format stores. The company produces, markets, distributes, and sells Coca-Cola trademark beverages, including sparkling beverages, such as colas and flavored sparkling beverages; and waters and still beverages comprising juice, coffee, tea, milk, value-added dairy, sports, energy, and plant-based drinks.
Further Reading: Technical Analysis
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