Skip to main content

Cemex poised for major advance

Published by
World Cement,


Bloomberg are reporting that Cemex SAB has dropped to a three-year low ahead of a potential increase in US interest rates by the Federal Reserve.

This is making Cemex a buy to JPMorgan Chase & Co. and Vector Casa de Bolsa SA brokerage.

Cemex is however set to advance 80% in the next 12 months, the most on the benchmark IPC index of 35 Mexican stocks, as it nears its first annual profit in seven years.

Jorge Perez, a spokesman for Monterrey, Mexico-based Cemex, has refused to comment on its share performance and forecasts. Shares rose 1.7% to 9.1 pesos at the close of trading in Mexico City.


Edited from source by Joseph Green. Source: Bloomberg

Read the article online at: https://www.worldcement.com/the-americas/18122015/cemex-poised-major-advance-212/


 

Embed article link: (copy the HTML code below):