Previous Close | 8.37 |
Open | 8.44 |
Bid | 0.00 x 4000 |
Ask | 0.00 x 3100 |
Day's Range | 8.24 - 8.44 |
52 Week Range | 4.93 - 8.81 |
Volume | |
Avg. Volume | 5,875,695 |
Market Cap | 12.251B |
Beta (5Y Monthly) | 1.07 |
PE Ratio (TTM) | 23.08 |
EPS (TTM) | 0.36 |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Dec 13, 2019 |
1y Target Est | 9.32 |
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(Bloomberg) -- Cemex SAB has finally achieved what it for years called its “north star”: Investment-grade status by S&P Global Ratings.Most Read from BloombergSpaceX Starship Nears Orbit, But Is Lost Before Return to EarthMillennium Trader Scored $40 Million Windfall in Egypt FX PlungeBiden’s Best Shot Against Trump Lies in ‘Blue Wall’ StatesPutin Says Ukraine Deal Requires Security Pledges for RussiaBond Yields Jump as Hot Inflation Curbs Fed Wagers: Markets WrapThe ratings company upgraded the
MONTERREY, Mexico, March 13, 2024--Rating agency Standard & Poor’s (S&P) announced today that it has upgraded Cemex’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy, and flexible capital allocation.
Debt issued by Mexican cementmaker Cemex was upgraded to "BBB-" by S&P Global Ratings on Wednesday, pushing the firm one notch into investment-grade territory after more than a decade of languishing in the agency's speculative grade, or junk, status. The credit ratings agency emphasized in a statement that Cemex's business strategy provides "headroom for the company to sustain the investment-grade rating through business cycles." S&P added that Cemex's priorities for this year and next should include boosting core earnings, or earnings before interest, taxes, depreciation, and amortization (EBITDA), through margin expansion and acquisitions.