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CEMEX, S.A.B. de C.V. (CX)

NYSE - NYSE Delayed Price. Currency in USD

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Visitors trend2W10W9M

4.4700

-0.0800

(-1.76%)

At close: 04:00PM EDT

4.4000

-0.07

(-1.57%)

Pre-Market:

08:25AM EDT

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H
CX will be double .
H
CX is upward on the way to the moon.
H
I am so eager for tomorrow with CX will go up to 5s soon!
C
Why the 5.7% surge today? Don't see any significant news.
V
I am staying far away from CXMSF - It looks like it is going to drop off a cliff. I actually get way better stocks at (http://Themaxgains.tech)
K
Look at the 2 year and the action now to January. Repeat please, no reason not to. A lot of reason to repeat.
B
Time to finally cross that 4 bucks again.
Bullish
K
MEXICO CITY — Mexican cement maker Cemex said Monday it had completed the acquisition of a 53% stake in ProStein, a German company that makes aggregates, or grained particulate used in construction.

The company’s aggregates sales in Germany are expected to double with the acquisition, Cemex said in a statement, and increase capacity to serve major cities in Poland and the Czech Republic as well as Berlin.
K
Expecting a bigger bump with oil down almost 8 bucks. Sure dove hard when it went up.
B
Well finally broke 4. Hope we can close there and resume the upward move. Lots of buidi g and rebuilding to do.
T
Schwab just downgraded Cemex from 'C' to 'D' following a week of continuous increase in value. What are they thinking?!
Neutral
J
Go buy #CRH...thank me later.
K
Fitch upgrades Cemex to 'BB+'; outlook stable
Published by Sol Klappholz, Editorial Assistant
World Cement, Tuesday, 14 June 2022 08:54

Fitch Ratings has upgraded the foreign and local currency Issuer Default Ratings (IDRs) of CEMEX, S.A.B. de C.V. (CEMEX) to 'BB+' from 'BB', its senior unsecured notes to 'BB+' from 'BB', and its subordinated hybrid issuance to 'BB-' from 'B+'. Cemex's National Long-Term rating is being upgraded to 'AA-(mex)' from 'A+(mex)', and its National Short-Term rating is affirmed at 'F1'. The Rating Outlook is Stable.

The upgrade reflects CEMEX's ongoing stronger operating performance which along with asset sales have supported effective debt reduction since late 2019. The company has been also improving its debt profile, in terms of maturity, collateral basis and financial costs which translate to better financial flexibility. Fitch expects Cemex to solidly maintain credit metrics below 3.5x in the next 2 – 3 years while continuing to invest to optimise its portfolio, enhance its business position and advance on its sustainability agenda.

KEY RATING DRIVERS
Declining Debt Burden: Cemex's adjusted net debt has been showing a downward trend as it declined to USD7.9 billion in 2021 from USD9.4 billion in 2020 and USD10.2 billion in 2019. Debt reduction in 2021 was primarily driven by the sale of carbon credits for approximately USD550 million, FCF and USD500 million of equity credit from hybrid security issued in June 2021. Fitch expects Cemex to solidly maintain net debt/EBITDA ratios below 3.5x in the next 2-3 years, with net leverage projected to be 3.1x in 2022 and 2.8x in 2023.
K
A series of issues in B.C. are creating a shortage of one of the most used materials on earth: concrete.

Racy Sidhu, the chairman of Concrete BC and a managing partner YAAT Ready Mix Concrete, explained the shortage stems from short term and long-term challenges.
M
No one wants this stock. They need to return money to shareholders through dividend or buybacks or both. Otherwise it looks worthless
B
Cannot believe we are sub 4. So much promise, so much upside. So much to rebuild and fix. I just got to add here.
Bullish
T
As I've said manny times CX will tread water until the Ukraine war ends. Then they'll need millions of tons of concrete to rebuild the country.
Neutral
B
Aaah, can we go to my average price of 4 bucks today.?
E
https://go.trade-ideas.com/SHLO
D
Cement might not be woke or growthy enough for most but there is no replacement for Cement yet. I'll be accumulating as this gets beat down since the world's infrastructure is falling apart and needs a lot more new cement.