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

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Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

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. “

Several other research firms have also recently commented on ASR. BMO Capital Markets reaffirmed an “average” rating on shares of Grupo Aeroportuario dl Srst SAB CV in a research report on Wednesday, February 6th. HSBC cut shares of Grupo Aeroportuario dl Srst SAB CV from a “hold” rating to a “reduce” rating in a research report on Friday, February 1st. Citigroup cut shares of Grupo Aeroportuario dl Srst SAB CV from a “neutral” rating to a “sell” rating in a research report on Friday, March 1st. Scotiabank cut shares of Grupo Aeroportuario dl Srst SAB CV from a “sector perform” rating to an “underperform” rating in a research report on Monday, February 11th. Finally, UBS Group raised shares of Grupo Aeroportuario dl Srst SAB CV from a “sell” rating to a “neutral” rating in a research report on Monday, January 7th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $187.00.

ASR traded up $3.13 during trading on Friday, hitting $160.15. The company had a trading volume of 126,473 shares, compared to its average volume of 61,562. The stock has a market capitalization of $4.37 billion, a P/E ratio of 16.19, a P/E/G ratio of 3.95 and a beta of 0.59. Grupo Aeroportuario dl Srst SAB CV has a one year low of $127.95 and a one year high of $212.70. The company has a current ratio of 2.49, a quick ratio of 2.87 and a debt-to-equity ratio of 0.38.

A number of large investors have recently modified their holdings of the business. Naples Global Advisors LLC lifted its position in Grupo Aeroportuario dl Srst SAB CV by 3.7% during the 4th quarter. Naples Global Advisors LLC now owns 2,120 shares of the transportation company’s stock worth $367,000 after buying an additional 75 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Grupo Aeroportuario dl Srst SAB CV by 7.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 3,180 shares of the transportation company’s stock worth $479,000 after buying an additional 207 shares in the last quarter. AMP Capital Investors Ltd lifted its position in Grupo Aeroportuario dl Srst SAB CV by 1.3% during the 3rd quarter. AMP Capital Investors Ltd now owns 34,737 shares of the transportation company’s stock worth $7,150,000 after buying an additional 439 shares in the last quarter. Handelsinvest Investeringsforvaltning lifted its position in Grupo Aeroportuario dl Srst SAB CV by 14.0% during the 4th quarter. Handelsinvest Investeringsforvaltning now owns 4,471 shares of the transportation company’s stock worth $673,000 after buying an additional 550 shares in the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in Grupo Aeroportuario dl Srst SAB CV during the 4th quarter worth about $104,000. 20.87% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Aeroportuario dl Srst SAB CV

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 CancĂșn, Cozumel, MĂ©rida, 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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