Zacks Investment Research Upgrades Grupo Aeroportuario dl Srst SAB CV (ASR) to “Hold”

Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

A number of other research analysts also recently commented on the stock. downgraded shares of Grupo Aeroportuario dl Srst SAB CV from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. UBS Group raised shares of Grupo Aeroportuario dl Srst SAB CV from a “sell” rating to a “neutral” rating in a research report on Friday, October 13th. Royal Bank of Canada reissued an “outperform” rating on shares of Grupo Aeroportuario dl Srst SAB CV in a research report on Thursday, September 7th. Finally, Scotiabank downgraded shares of Grupo Aeroportuario dl Srst SAB CV from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $185.00 to $202.00 in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $213.00.

Shares of Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) opened at $181.30 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.83 and a quick ratio of 1.83. Grupo Aeroportuario dl Srst SAB CV has a 52 week low of $131.72 and a 52 week high of $229.45. The stock has a market cap of $5,340.00, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 4.79 and a beta of 0.59.

Several institutional investors and hedge funds have recently made changes to their positions in ASR. Morgan Stanley boosted its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 64.5% during the 1st quarter. Morgan Stanley now owns 10,918 shares of the transportation company’s stock worth $1,891,000 after buying an additional 4,282 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Grupo Aeroportuario dl Srst SAB CV during the 2nd quarter worth about $305,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 2.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,362 shares of the transportation company’s stock worth $2,601,000 after buying an additional 326 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 6.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 580,034 shares of the transportation company’s stock worth $122,039,000 after buying an additional 36,658 shares during the period. Finally, Freestone Capital Holdings LLC boosted its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 8.1% during the 2nd quarter. Freestone Capital Holdings LLC now owns 22,518 shares of the transportation company’s stock worth $4,738,000 after buying an additional 1,685 shares during the period. 33.39% of the stock is owned by institutional investors.

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About Grupo Aeroportuario dl Srst SAB CV

Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a Mexico-based holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services.

Analyst Recommendations for Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR)

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