Somewhat Positive Press Coverage Somewhat Unlikely to Impact Fomento Economico Mexicano SAB (FMX) Stock Price

Media headlines about Fomento Economico Mexicano SAB (NYSE:FMX) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fomento Economico Mexicano SAB earned a news impact score of 0.13 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.0504021588715 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Fomento Economico Mexicano SAB (NYSE FMX) traded down $1.66 during trading hours on Friday, hitting $91.04. The stock had a trading volume of 181,622 shares, compared to its average volume of 669,870. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.88 and a quick ratio of 1.55. The firm has a market capitalization of $33,170.15, a price-to-earnings ratio of 12.80, a PEG ratio of 0.85 and a beta of 0.54. Fomento Economico Mexicano SAB has a 12-month low of $73.45 and a 12-month high of $103.82.

FMX has been the topic of several research analyst reports. Zacks Investment Research lowered Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Morgan Stanley initiated coverage on Fomento Economico Mexicano SAB in a report on Thursday, September 14th. They issued an “overweight” rating and a $120.00 price objective on the stock. J P Morgan Chase & Co raised Fomento Economico Mexicano SAB from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $98.00 to $117.00 in a report on Monday, October 2nd. Barclays lowered their price target on Fomento Economico Mexicano SAB from $115.00 to $114.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 11th. Finally, ValuEngine raised Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $114.40.

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About Fomento Economico Mexicano SAB

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

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