Probable source of discontent:
'Empresas ICA SA Cut to “Equal Weight” at Barclays (ICA)
Posted by mitch on Feb 10th, 2015 // No Comments
Empresas ICA SA (ADR) logoBarclays cut shares of Empresas ICA SA (NYSE:ICA) from an overweight rating to an equal weight rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has $17.00 price target on the stock, down from their previous price target of $28.00.
Barclays has also taken action a number of other industrial goods stocks recently. The firm reiterated its underweight rating on shares of Rolls-Royce Holding PLC. Also, Barclays lowered its price target on shares of GoPro Inc from $60.00 to $55.00. They have an equal weight rating on that stock. Finally, Barclays reiterated its equal weight rating on shares of British Sky Broadcasting Group plc (ADR).
Empresas ICA SA (NYSE:ICA) traded up 0.79% during mid-day trading on Friday, hitting $3.85. The stock had a trading volume of 4,846 shares. Empresas ICA SA has a 52 week low of $3.81 and a 52 week high of $8.43. The stock has a 50-day moving average of $4.57 and a 200-day moving average of $6.19. The company’s market cap is $592.1 million.
Separately, analysts at Zacks downgraded shares of Empresas ICA SA from a neutral rating to an underperform rating and set a $4.40 price target on the stock in a research note on Tuesday, January 27th.
Empresas ICA SAB de CV (NYSE:ICA) is a Mexico-based holding company. Through its subsidiaries, the Company is engaged in engineering, procurement and construction sectors. The Company is engaged in a range of construction and related activities, including the construction of infrastructure facilities,
as well as industrial, urban and housing construction.
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