Zacks Investment Research downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

According to Zacks, “Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. “

Several other equities analysts also recently issued reports on the stock. Morgan Stanley downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an overweight rating to an equal weight rating in a report on Tuesday, May 30th. BidaskClub downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a strong-buy rating to a buy rating in a report on Monday, July 24th. Royal Bank Of Canada reaffirmed an outperform rating on shares of Grupo Aeroportuario del Sureste, S.A. de C.V. in a report on Thursday, September 7th. Scotiabank downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an outperform rating to a sector perform rating and upped their price objective for the stock from $185.00 to $202.00 in a report on Thursday, September 7th. Finally, UBS AG downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an outperform rating to a market perform rating in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Grupo Aeroportuario del Sureste, S.A. de C.V. presently has an average rating of Hold and an average target price of $213.00.

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE ASR) opened at 203.41 on Thursday. The firm has a market cap of $61.02 billion, a PE ratio of 253.63 and a beta of 0.58. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1-year low of $131.72 and a 1-year high of $229.45. The stock has a 50 day moving average of $204.28 and a 200 day moving average of $195.03.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) last announced its quarterly earnings results on Thursday, July 20th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.10. Grupo Aeroportuario del Sureste, S.A. de C.V. had a net margin of 39.61% and a return on equity of 18.02%. The company had revenue of $158.17 million during the quarter. Equities research analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post $8.22 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. by 1.3% in the 2nd quarter. Wells Fargo & Company MN now owns 1,467 shares of the transportation company’s stock valued at $309,000 after acquiring an additional 19 shares during the last quarter. Comerica Bank lifted its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. by 1.3% in the 1st quarter. Comerica Bank now owns 1,588 shares of the transportation company’s stock valued at $298,000 after acquiring an additional 21 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. by 0.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 12,036 shares of the transportation company’s stock valued at $2,085,000 after acquiring an additional 40 shares during the last quarter. Moody Lynn & Lieberson LLC lifted its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. by 3.3% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 2,706 shares of the transportation company’s stock valued at $569,000 after acquiring an additional 87 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. by 6.1% in the 2nd quarter. Bank of Montreal Can now owns 9,669 shares of the transportation company’s stock valued at $2,035,000 after acquiring an additional 552 shares during the last quarter. 32.90% of the stock is owned by institutional investors.

About Grupo Aeroportuario del Sureste, S.A. de C.V.

Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a Mexico-based holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services.

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Analyst Recommendations for Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

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