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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  Cemex SAB de CV    CEMEX CPO   MXP225611567

CEMEX SAB DE CV (CEMEX CPO)
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Mexico's Stocks End Higher; Peso Gains on Oil Price Recovery

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03/22/2016 | 09:53pm CEST

By Anthony Harrup

MEXICO CITY--Mexican stocks rose Tuesday to their highest close in almost a year as local investors returned from a long weekend, while a rebound in oil prices lifted the peso against the U.S. dollar.

The IPC index of most-traded stocks rose 0.3% to 45,632 points, its highest close since late April 2015.

Shares of cement and building materials company Cemex rose 4% to MXN12.44, adding to last week's hefty gains when company executives reaffirmed their commitment to improving the company's debt profile and raised their target for free-cash-flow generation this year. Credit Suisse upgraded the stock Monday.

Telecommunications company America Movil shares closed up 1.2% at MXN13.16.

The peso recovered from early losses along with oil prices. The currency was quoted in Mexico City at 17.3385 to the U.S. dollar, compared with MXN17.3940 at the close Friday. Mexican markets were closed Monday for the Benito Juarez holiday and will be closed Thursday and Friday for Easter.

In local economic news, the National Statistics Institute reported a smaller-than-expected 0.1% rise in consumer prices for the first half of March, although core prices, which exclude energy and much fresh produce, rose more than anticipated.

Tourism services and airfares ahead of the Easter holidays contributed to the 0.3% core reading, while the weaker peso continued to affect prices of some durable goods.

"Although the inflation outlook is still somewhat comfortable, the large MXN depreciation in recent months added visible upside risk to the inflation outlook despite still-sluggish real activity dynamics and evidence of just moderate pass-through," Goldman Sachs said in a note.

The Bank of Mexico is likely to continue watching for evidence of the exchange-rate effect spilling into other prices, which could prompt further interest-rate increases, Goldman Sachs added.

Write to Anthony Harrup at anthony.harrup@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
AMERICA MOVIL SAB DE CV -0.77% 15.5 End-of-day quote.-8.14%
CEMEX SAB DE CV 2.37% 13.8 End-of-day quote.-9.66%
MEXICO IPC -0.40% 49331.51 Real-time Quote.0.31%
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Latest news on CEMEX SAB DE CV
09/12CEMEX DE CV : Participates in Renowned Project “L’Arbre Blanc”
PU
09/07CEMEX DE CV : Tec Award Recognizes the Social Impact of Entrepreneurs
BU
09/05CEMEX DE CV : Participates in Third Largest Water Project in Nile River
PU
08/30CEMEX DE CV : Recognized by Latin American Council of Management Schools
PU
08/15CEMEX DE CV : Uses Powerfloating Technology for the First Time in the UK
BU
07/31CEMEX : Ventures Celebrates Closing of Its 2018 Construction Startup Competition
BU
07/26CEMEX DE CV : Announces an Increase in Net Income of 32% During the Second Quart..
BU
07/24CEMEX VENTURES : Invests in Smart Concrete Space Through Concrete Sensors
BU
07/17CEMEX DE CV : Participates in New School of Art in Houston’s Museum Distri..
BU
07/04CEMEX DE CV : Participates in Main Wastewater Treatment Plant in Colombia
PU
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Financials (MXN)
Sales 2018 270 B
EBIT 2018 33 609 M
Net income 2018 11 732 M
Debt 2018 190 B
Yield 2018 -
P/E ratio 2018 11,86
P/E ratio 2019 7,63
EV / Sales 2018 1,42x
EV / Sales 2019 1,31x
Capitalization 193 B
Chart CEMEX SAB DE CV
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Technical analysis trends CEMEX SAB DE CV
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 17,8  MXN
Spread / Average Target 34%
EPS Revisions
Managers
NameTitle
Fernando Angel González Olivieri Chief Executive Officer & Non-Independent Director
Rogelio Zambrano Lozano Executive Chairman
Jose Antonio González Flores Chief Financial Officer & Executive VP-Finance
Dionisio Garza Medina Independent Director
Armando Jorge García Segovia Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CEMEX SAB DE CV-9.66%10 272
CRH PLC-4.10%27 924
HEIDELBERGCEMENT-23.19%16 158
ULTRATECH CEMENT-6.08%15 412
VULCAN MATERIALS COMPANY-9.99%15 284
MARTIN MARIETTA MATERIALS-13.06%12 110