Grana y Montero SAA (NYSE:GRAM) Stock Rating Upgraded by Zacks Investment Research

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Grana y Montero SAA (NYSE:GRAM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Grana y Montero SAA operates as a holding company. The company through its subsidiaries operates engineering, construction, oil drilling, data processing services, telecommunications services, distribution of natural gas, and consulting. Grana y Montero SAA is based in Peru. “

Shares of GRAM stock opened at $3.28 on Tuesday. The company has a market cap of $422.43 million, a price-to-earnings ratio of -12.15 and a beta of 0.32. The company’s fifty day simple moving average is $3.25. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.50. Grana y Montero SAA has a 12 month low of $2.40 and a 12 month high of $4.10.

A number of hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC bought a new stake in Grana y Montero SAA during the 1st quarter valued at $46,000. Eaton Vance Management increased its stake in Grana y Montero SAA by 17.9% during the 4th quarter. Eaton Vance Management now owns 119,700 shares of the construction company’s stock valued at $372,000 after purchasing an additional 18,200 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Grana y Montero SAA during the 1st quarter valued at $556,000. Newfoundland Capital Management bought a new stake in Grana y Montero SAA during the 4th quarter valued at $3,534,000. Finally, Standard Life Aberdeen plc bought a new stake in Grana y Montero SAA during the 4th quarter valued at $24,483,000. Institutional investors and hedge funds own 11.03% of the company’s stock.

Grana y Montero SAA Company Profile

GraƱa y Montero SAA., together with its subsidiaries, engages in engineering and construction, infrastructure, and real estate businesses in Peru, Chile, and Colombia. The company operates through Engineering and Construction, Infrastructure, Real Estate, and Technical Services segments. The Engineering and Construction segment provides traditional engineering services, such as structural, civil, and design engineering; and services ranging from architectural planning to advanced specialties comprising process design, simulation, and environmental services.

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