Empresas fka ICA

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ZACKS doing the job todat?

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Zacks Long Term Rating Update on Empresas ICA SA (ADR)

by Thomas Lindt on February 24, 2015 0

As much as 4 analysts have advised buy on Empresas ICA SA (ADR) (NYSE:ICA) with an average broker rating of 2. Zacks research analysts are highly pessimistic on the counter and has given it a short term rating of 5, indicating that it is a Underperform. Investors may look at taking some money off the table.

Shares of Empresas ICA SA (ADR) (NYSE:ICA) witnessed a cut of 1.06% or 0.04 points as profit booking along with weak sentiments dragged the counter lower. In a rude shock, the price plummeted to an intraday low of $3.56 after the trading commenced at $3.76. However, the investors breathed a sigh of relief as the stock regained lost ground and closed at $3.72, which is near the days high of $3.78. Volume reading came in strong at 324,281 shares. The yearly peak value of the shares is $8.43 while the lowest price point of the past 52-weeks is $2.96.

Empresas ICA SA (ADR) (NYSE:ICA): 3 analysts have set the short term price target of Empresas ICA SA (ADR) (NYSE:ICA) at $11.23. The standard deviation of short term price target has been estimated at $5.01, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 17 and $8 respectively.

The short ratio of Empresas ICA SA (ADR) (NYSE:ICA) is 8.55. On a monthly basis, the short interest has registered a change of 23.57%. The shares shorted this month are equal to 0.014 times the outstanding shares. The short interest has confirmed a change of 4.85% in the past 3 months. Increasing short interest indicates that the market is expecting a price decline in the counter where as declining short interest in both the 1-month and 3-month indicates that bears are running for cover and investors may soon relish a jump in their invested value. 0.2% of the total outstanding shares have been traded in the last 20 sessions. The average daily volume for the past 20 days is 311,799 shares.
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http://wallstreetpulse.org/zacks-long-term-rating-update-on-empresas-ica-sa-adr/336879/

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