Zacks: Grana y Montero SAA (NYSE:GRAM) Receives Consensus Rating of “Hold” from Brokerages
Grana y Montero SAA (NYSE:GRAM) has received a consensus broker rating score of 2.50 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Grana y Montero SAA’s rating score has improved by 9.1% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus price objective of $8.55 for the company, according to Zacks. Zacks has also given Grana y Montero SAA an industry rank of 69 out of 265 based on the ratings given to its competitors.
Separately, TheStreet upgraded shares of Grana y Montero SAA from a “sell” rating to a “hold” rating in a research note on Monday, July 25th.
Shares of Grana y Montero SAA (NYSE:GRAM) remained flat at $8.40 on Friday. The company had a trading volume of 34,890 shares. Grana y Montero SAA has a one year low of $2.18 and a one year high of $8.96. The firm’s market capitalization is $1.11 billion. The stock has a 50 day moving average price of $8.39 and a 200 day moving average price of $7.14.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in Grana y Montero SAA by 3,768.8% in the second quarter. JPMorgan Chase & Co. now owns 38,688 shares of the company’s stock worth $276,000 after buying an additional 37,688 shares during the last quarter. Hsbc Holdings PLC bought a new position in Grana y Montero SAA during the second quarter worth $409,000. Commonwealth Equity Services Inc bought a new position in Grana y Montero SAA during the second quarter worth $639,000. BARING ASSET MANAGEMENT Ltd bought a new position in Grana y Montero SAA during the second quarter worth $1,162,000. Finally, Renaissance Technologies LLC boosted its position in Grana y Montero SAA by 238.3% in the first quarter. Renaissance Technologies LLC now owns 190,580 shares of the company’s stock worth $772,000 after buying an additional 134,252 shares during the last quarter. Hedge funds and other institutional investors own 11.50% of the company’s stock.
Grana y Montero SAA Company Profile
Grana y Montero SAA is a Peru-based holding company primarily engaged in the four business areas: Construction and Engineering Industry, Real Estate, Oil Services, and Operation of Public Concessions and Business Support Services. Through its subsidiaries, the Company provides such services as the development and management of real estate properties and leisure facilities; the exploration, production and sale of oil, natural gas and its derivates; the storage and distribution of combustibles; information technology services; engineering consultancy; the operation and maintenance of rails and roads concessions; as well as the execution and management of projects related to the generation of electric power; among others.
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