Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) Stock Gets Downgrade from Zacks Research

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Separately, HSBC downgraded shares of Wal-Mart de Mexico SAB de CV to a “reduce” rating and set a $42.00 target price for the company. in a research note on Tuesday, September 8th. Two investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Wal-Mart de Mexico SAB de CV has an average rating of “Strong Sell” and a consensus target price of $42.00.

Wal-Mart de Mexico SAB de CV Stock Down 0.5%

Shares of Wal-Mart de Mexico SAB de CV stock opened at $25.96 on Tuesday. The firm has a market cap of $44.91 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 5.94 and a beta of 0.63. Wal-Mart de Mexico SAB de CV has a 12-month low of $24.80 and a 12-month high of $35.47. The company’s fifty day simple moving average is $26.75 and its two-hundred day simple moving average is $30.04.

Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). Wal-Mart de Mexico SAB de CV had a net margin of 4.90% and a return on equity of 21.23%. The company had revenue of $14.42 billion during the quarter, compared to the consensus estimate of $13.88 billion. As a group, sell-side analysts expect that Wal-Mart de Mexico SAB de CV will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wal-Mart de Mexico SAB de CV stock. Madison Asset Management LLC increased its position in Wal-Mart de Mexico SAB de CV (OTCMKTS:WMMVY) by 16.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,001 shares of the company’s stock after acquiring an additional 14,675 shares during the quarter. Madison Asset Management LLC’s holdings in Wal-Mart de Mexico SAB de CV were worth $3,088,000 at the end of the most recent quarter.

About Wal-Mart de Mexico SAB de CV

Wal-Mart de México, SAB. de C.V., commonly known as Walmex, is a retail company that operates Walmart’s business in Mexico and Central America. The company sells groceries, fresh food, household products, apparel, electronics, appliances, health and beauty products, and other general merchandise through a variety of store formats.

Walmex operates stores under brands including Walmart, Walmart Express, Bodega Aurrera and Sam’s Club. Bodega Aurrera serves value-oriented consumers, while Walmart and Walmart Express offer full-service and smaller-format shopping experiences.