|Bid||1.1455 x 0|
|Ask||1.1475 x 0|
|Day's Range||1.1300 - 1.1725|
|52 Week Range||0.5332 - 3.3780|
|Beta (3Y Monthly)||3.15|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 13, 2019 - May 17, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.28|
Concurrently, Moody's has downgraded to Caa1 from B3 the instrument ratings on the group's senior unsecured notes due 2020, 2022 and 2023. The downgrade reflects OHL's poor results for its third fiscal quarter ended 30 September 2018 (Q3-18), considering an unexpected sizeable cash consumption in its regular businesses and for legacy projects of EUR133 million in Q3-18 and EUR582 million on an accumulated basis over the first nine months of 2018. Although recognizing the group's strongly improved liquidity situation after the sale of its stake in OHL Concesiones in April this year, its recourse net cash position has swiftly reduced since then and recently dropped to EUR345 million as of 30 September 2018 from EUR617 million at the end of June 2018.
Moody's Investors Service, ("Moody's") has today confirmed the B3 corporate family rating (CFR) and the B3-PD probability of default rating (PDR) of Spanish construction company Obrascon Huarte Lain S.A. ("OHL" or "group"). Concurrently, Moody's confirmed the B3 instrument ratings on the group's senior unsecured notes due 2020, 2022 and 2023. The rating action follows the group's successful completion of the sale of OHL Concesiones S.A.U. (OHL Concesiones) to IFM Global Infrastructure Fund (IFM), guidance on its future business strategy and redemption of almost all bank debt and a portion of its senior unsecured notes due 2020, 2022 and 2023.