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Citigroup downgraded its rating of Grupo Aeroportuario (NYSE:ASR) to Sell with a price target of $222.00, changing its price target from $228.00 to $222.00.
Shares of Grupo Aeroportuario are trading up 2.03% over the last 24 hours, at $235.67 per share.
A move to $222.00 would account for a 5.8% decrease from the current share price.
Grupo Aeroportuario del Sureste SAB de CV operates airports in southeast Mexico. The company's segments include Cancun; Aerostar; Airplan; Merida; Villahermosa; Holding and Services and other. It generates maximum revenue from the Cancun segment.
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: ASR
