Grana y Montero S.A.A. (GRAM) Stock Rating Upgraded by BidaskClub

Grana y Montero S.A.A. (NYSE:GRAM) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Grana y Montero S.A.A. (NYSE GRAM) opened at $5.00 on Friday. The firm has a market cap of $660.05, a price-to-earnings ratio of 20.83 and a beta of 0.79. Grana y Montero S.A.A. has a fifty-two week low of $2.16 and a fifty-two week high of $8.65. The company has a current ratio of 1.40, a quick ratio of 1.10 and a debt-to-equity ratio of 0.50.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in Grana y Montero S.A.A. by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 371,926 shares of the construction company’s stock worth $1,161,000 after buying an additional 11,986 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Grana y Montero S.A.A. during the second quarter worth $122,000. Karp Capital Management Corp acquired a new position in Grana y Montero S.A.A. during the first quarter worth $135,000. Dynamic Technology Lab Private Ltd acquired a new position in Grana y Montero S.A.A. during the second quarter worth $223,000. Finally, TIAA CREF Investment Management LLC acquired a new position in Grana y Montero S.A.A. during the second quarter worth $278,000. Institutional investors and hedge funds own 11.72% of the company’s stock.

Grana y Montero S.A.A. Company Profile

Grana y Montero SAA is a Peru-based holding company primarily engaged in the four business areas: Construction and Engineering Industry, Real Estate, Oil Services, and Operation of Public Concessions and Business Support Services. Through its subsidiaries, the Company provides such services as the development and management of real estate properties and leisure facilities; the exploration, production and sale of oil, natural gas and its derivates; the storage and distribution of combustibles; information technology services; engineering consultancy; the operation and maintenance of rails and roads concessions; as well as the execution and management of projects related to the generation of electric power; among others.

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