Empresas fka ICA

[interloper]

How dose the largest construction co. in mexico, auger-in the stock price to this level? Huge projects and the stock price tanks, why. The ly bright spot is the technical play on the chart. extended Bollie pinch, 50/50, it tanks or blows up.

[pinchin2pennies]

volume?

[detearing]

What's your thoughts?

[pinchin2pennies]

41 holding companies invested.

[detearing]

Restructuring.

[detearing]

Holden till Golden...ICA, gunna be OK.

[willlbone]

I C A huge dump.

[willlbone]

In the matter of pigs, all is money, and in the matter of money, all are pigs. My bid is one dollar.

[detearing]

Earnings not good.

[detearing]

SasasaSWEET!

$$$

http://finance.yahoo.com/news/ica-cdpq-come-agreement-create-114000876.html

[chmcnfunds]

Low S & P rating to ICA

Monterrey, Mexico (March 19, 2015) .-

Standard and Poor's downgraded the credit ratings of Empresas ICA after the company presented weaker credit metrics compared to projected due to a slower pace of deleveraging. In a statement, S & P said Note reduced credit risk in global long-term "B" from "B +" and also lowered the issue rating to "B-" from "B". The ratings have a stable outlook, reflecting the expectation of a continued recovery in the execution of contracted work of ICA and its operating performance.

Leer más: http://www.elnorte.com/aplicacioneslibre/preacceso/articulo/default.aspx?id=493242&po=4&urlredirect=http://www.elnorte.com/aplicaciones/articulo/default.aspx?Id=493242&po=4#ixzz3UvgHFKNb
__________________________________________-

ICA

[chmcnfunds]

Empresas ICA, S.A.B. de C.V. : ICA Announces Organizational and Management Changes

MEXICO CITY, March 18, 2015 (GLOBE NEWSWIRE) --

Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in Mexico, announced organizational and management changes to streamline operations, strengthen client focus, and improve the Company's profitability and financial position. The management changes were approved by the Board of Directors and are part of ICA's ongoing leadership transition process. These changes are effective June 1, 2015.

The organizational changes will realign business units to match client profiles and ensure end-to-end execution of projects. The most important changes are in the Construction, International, and Concessions divisions.

Alonso Quintana, ICA's CEO, noted, "As ICA continues to grow and the complexity of our businesses increase, we are realigning our business units to streamline operations, strengthen our balance sheet, improve our profitability, and ultimately to continue to deliver the best solutions for our clients."

"We expect to make other announcements in the near future that will further demonstrate ICA's commitment to these principles." Quintana added.

The Construction division will be reconfigured to focus on public and private third party clients in Mexico, and will be led by Jorge Delgado, currently the most senior manager in the Construction division. With more than 37 years of experience in ICA, he has been responsible for the construction of many of ICA's signature highway, dam, airport, and mining projects.

The International division will manage all construction projects for international clients and oversee international affiliates. This change reflects the growing importance of ICA's international business and the opportunities for greater integration of these operations. Rubén López, head of International business development, will head this division.

The reconfigured Concessions division will integrate all phases of the infrastructure concessions life cycle, including construction, management and operation, as well as capital recycling transactions. Victor Bravo, currently CFO, will head this division.

Gabriel de la Concha will become Chief Financial Officer. He has been responsible for all structured, project, and corporate financing for the Company and has been ICA's Treasurer for the last decade. He has a 23-year career in ICA and holds an Industrial Engineering degree from the Instituto Tecnológico y de Estudios Superiores de Monterrey, a Master's degree in International Finance from the University of Westminster in England and the École Supérieur de Commerce CERAM in France, and has pursued additional studies in Stanford Graduate School of Business and the University of Pennsylvania'sWharton School of Business.

Luis Horcasitas and Carlos Mendez, current leaders of the Construction and Concessions divisions, respectively, will now become Executive Vice Presidents, advising the CEO and Executive Committee.

Bernardo Quintana, Chairman of the Board, said, "ICA has been engaged in an orderly leadership transition process, steadily renewing the leadership of the company at all levels for the past eight years. The changes announced today are part of this process. They also reflect the growing importance of our concessions and international operations and the benefits of streamlining the organization and increasing accountability."

This report contains projections or other forward-looking statements related to ICA that reflect ICA's current expectations or beliefs concerning future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico, Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in tax and other laws affecting ICA's businesses, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors set forth in ICA's most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements.

Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, ICA is listed on the Mexican and New York Stock exchanges. For more information, visit http://ir.ica.mx

CONTACT: For more information please contact:



Elena Garcia

[e-mail]



Gabriela Orozco

[e-mail]

[e-mail]

+(5255) 5272 9991 x 3608



Read more: http://www.nasdaq.com/press-release/empresas-ica-sab-de-cv--ica-announces-organizational-and-management-changes-20150318-00457#ixzz3Uk5P0d6S
_______________________________________

ICA

[chmcnfunds]

Sure see nothing more about this. Was a "News" item on E-Trade Pro Level II which couldn't be copied or linked but the spike followed.

Do see the day finished with high volume and there remains high shorts:

http://shortanalytics.com/getshortchart.php?tsymbol=ica

Whatever, all lost so far today.

ICA

[chmcnfunds]

See the last 10 minutes? Huge buying frenzy. Vector has raised target price (but not yet put at buy) due to strong backlog and 2015 guidance.

Info came out @ 3:19, but have no link.

ICA

[detearing]

Boldly holding n loading.

[chmcnfunds]

Almost the same pattern the past 5 trading days. HOD at about 11:00AM and then begins dropping to the LOD at about 2:30-3:00.

https://www.google.com/finance?q=ica&ei=avD1VPHgGbOAsgfV4oGgCQ

ICA

[chmcnfunds]

ICA loses 2,082 million pesos in the quarter and decides to sell assets
The depreciation of the peso in the fourth quarter of 2014 affected the Mexican construction; the company expects to sell assets for at least 5,000 pesos to reduce debt.

Friday, February 27, 2015 at 10:21

The company expects an increase of between 10-12% revenue growth this year.

MONTERREY (Reuters) - ICA reported a net loss of 2,082,000 pesos ($ 141 million) for the fourth quarter of 2014, compared with a profit of 520 million pesos in the same period of 2013.

Mexico's largest construction company also said it will seek to sell assets to reduce debt, after the strong net loss for the period referred because the depreciation of the Mexican peso.

"ICA also expected to monetize assets for a minimum amount of 5,000 million pesos in 2015. Most of the resources are allocated to debt reduction," said in its financial report.

The company also expects an increase of between 10-12% revenue growth this year.

He said sales grew 42% thanks to new contracts and the incorporation results of a company it bought last year in the US, but the gains were offset by a high financial cost derived from exchange losses.

The Mexican peso depreciated 9.8% against the dollar during the quarter, the company generated an exchange loss of 2.845 million pesos compared to a loss of 191 million pesos in the same period last year.

ICA said it expects to sell assets for at least 5,000 million pesos allocated primarily to reduce debt, which closed at 53.779 million pesos, but gave no details.

The manufacturer also expects new contracts and boost overseas business revenue this year.

-works State procurement process and new contracts-ICA closed at 35.545 million pesos, 16% more than in 2013.

The company shares on the Mexican Stock Exchange gained 0.86% to 13.93 pesos per share at 10:26 hours.

___________________________________________
http://www.cnnexpansion.com/negocios/2015/02/27/ica-tiene-una-perdida-de-2082-mdp-en-el-cuarto-trimestre

ICA

[chmcnfunds]

Wonder why they moved up the CC? Had been expecting it on 3-2-15 as presented on their website:

Mar 2, 2015
11:00 ET
4T14 Conference Call
Listen to webcast

I suppose the timing has something to do with the trading today.

ICA

[chmcnfunds]

Thought the results were good, including guidance:

"2015 Outlook

ICA expects that revenues will increase by 10% to 12% percent in 2015, with an Adjusted EBITDA margin of 14% to 16%, excluding one-time gains or losses. This outlook is supported by the Company's substantial backlog of projects and international businesses.
ICA also expects to realize total gross proceeds from asset monetizations of at least Ps. 5,000 million in 2015. Most proceeds are expected to be used for debt reduction.
This outlook is based on current exchange rates and existing timetables for project execution and the pipeline of potential projects in Mexico and abroad. Numerous factors, including changes in the overall economic environment, delays in project execution, delays in receiving governmental approvals for asset sales, or inability to contract required financing, among others, could affect this outlook. ICA undertakes no obligation to revise or update this outlook based on changed conditions."

Not sure why trending day before the CC.

iCA

[chmcnfunds]

Empresas ICA Announces Unaudited Fourth Quarter and Full Year 2014 Results

MEXICO CITY, Feb. 27, 2015 (GLOBE NEWSWIRE) --

Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in Mexico, announced today its unaudited results for the fourth quarter and full year 2014, which have been prepared in accordance with International Financial Reporting Standards.

Summary for the fourth quarter and full year 2014

Fourth quarter 2014 revenues grew substantially, with increases in all segments. Adjusted EBITDA rose 19% to Ps. 1,510 million as compared to 4Q13.

During the full year 2014, ICA delivered sustained growth in revenues, margins, and backlog, with revenue growth in excess of guidance. Adjusted EBITDA reached a record Ps. 6,138 million, with an Adjusted EBITDA margin of 16.7%. The Construction segment delivered 24% growth in revenue and a 31% increase in Adjusted EBITDA, as a result of the favorable performance of works contracted in Mexico and the consolidation effective 2Q14 of Facchina Construction Group (FCG) in the U.S. Consolidated backlog rose 16% to Ps. 35,545 million. Concessions segment revenues rose 21% and Adjusted EBITDA increased 11%, as a result of the high rates of vehicle traffic growth. The Airports segment continues to deliver strong, stable results reflecting the double-digit increases in passenger traffic.

For the full year and specifically in 4Q14, ICA's comprehensive financing cost was affected by the depreciation of the Mexican peso against the U.S. dollar. This affected the net result and leverage ratios. However, the currency depreciation does not have an immediate impact on cash flows.

Consolidated Results 12 months
Ps. million 4Q13 4Q14 % Chg 2013 2014 % Chg
Revenues 7,729 10,962 42 29,556 36,757 24
Operating Income 814 1,021 25 3,133 4,375 40
Consolidated Net Income (Loss) 1,038 (1,826) -- 1,422 (2,086) --
Net Income (Loss) of Controlling Interest 520 (2,082) -- 424 (3,024) --
Adjusted EBITDA 1,264 1,510 19 4,735 6,138 30
Operating Margin 10.5% 9.3% 10.6% 11.9%
Adjusted EBITDA Margin 16.4% 13.8% 16.0% 16.7%
EPS (Ps.) 0.85 (3.47) -- 0.70 (4.96) --
EPS ADS (US$) 0.26 (0.94) -- 0.21 (1.35) --
Construction backlog grew 16% to Ps. 35,545 million, as compared to December 31, 2013. In addition, long-term contracts for mining and other services were Ps. 5,108 million.
In addition, backlog of non-consolidated subsidiaries and joint ventures rose 297% to Ps. 43,921 million, of which ICA's proportionate share was Ps. 21,230 million.

Key Indicators Dec-13 Dec-14 % Chg
Construction: Backlog 30,658 35,545 16
Contracted Mining Services 5,700 5,108 (10)
Non Consolidated and Affiliates and Joint Ventures 11,050 43,921 297
The Construction segment contributed 80% of consolidated revenues and 36% of Adjusted EBITDA in 4Q14.
Concessions contributed 11% of revenues and 39% of Adjusted EBITDA in 4Q14.
The traffic volumes for the concessioned highways in 4Q14 rose 16% as a result of traffic growth in most of the operating projects.

Key Indicators 4Q13 4Q14 % Chg 2013 2014 % Chg
Concessions: Highway traffic, ADTV 38,356 44,550 16 33,390 42,634 28
Airports: Passenger traffic (thousands) 3,435 3,928 14 13,292 14,695 11
As of December 31, 2014, Concessions participated in 17 projects: ten highways, four water projects, two social infrastructure projects and one port. Of these, ten were operational, one in the testing phase, and six were under construction.
Airports contributed 9% of revenues and 25% of Adjusted EBITDA in 4Q14.
Consolidated net loss was Ps. 1,826 million in 4Q14, and the loss of the controlling interest was Ps. 2,086 million, equivalent to Ps. 3.47 per share or US$ 0.94 per ADS. The loss resulted principally from the exchange loss of Ps. 2,845 million included in comprehensive financing cost.
2015 Outlook

ICA expects that revenues will increase by 10% to 12% percent in 2015, with an Adjusted EBITDA margin of 14% to 16%, excluding one-time gains or losses. This outlook is supported by the Company's substantial backlog of projects and international businesses.
ICA also expects to realize total gross proceeds from asset monetizations of at least Ps. 5,000 million in 2015. Most proceeds are expected to be used for debt reduction.
This outlook is based on current exchange rates and existing timetables for project execution and the pipeline of potential projects in Mexico and abroad. Numerous factors, including changes in the overall economic environment, delays in project execution, delays in receiving governmental approvals for asset sales, or inability to contract required financing, among others, could affect this outlook. ICA undertakes no obligation to revise or update this outlook based on changed conditions.
Conference Call Invitation

ICA's conference call will be held on Monday, March 2, at 11:00 am Eastern Time (10:00 am Mexico City time). To participate, please dial toll-free [phone] from the U.S. or [phone] internationally. The conference ID is 83680644. The conference call will be Webcast live through streaming audio and available on ICA's website at http://ir.ica.mx.
A replay will be available until March 9, 2015 by calling toll-free [phone] from the U.S. or [phone] internationally, again using conference ID 83680644.
The complete earnings report is available at http://ir.ica.mx.
This press release contains projections or other forward-looking statements related to ICA that reflect ICA's current expectations or beliefs concerning future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico, Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in tax and other laws affecting ICA's businesses, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors set forth in ICA's most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements.

Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, ICA is listed on the Mexican and New York Stock exchanges. For more information, visit www.ica.mx/ir.

CONTACT: For more information please contact:

Elena Garcia
[e-mail]

Gabriela Orozco
[e-mail]
[e-mail]

(5255) 5272 9991 x 3608

Gabriel de la Concha
[e-mail]
Corporate Finance Director and Treasurer
Victor Bravo
[e-mail]
Chief Financial Officer

In the US: Daniel Wilson
+(1212) 689 9560
[e-mail]
______________________________________________-

ICA

[chmcnfunds]

ZACKS doing the job todat?

__________________________________________
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.
_____________________________________
http://wallstreetpulse.org/zacks-long-term-rating-update-on-empresas-ica-sa-adr/336879/

ICA

[chmcnfunds]

Company Shares of Empresas ICA SA (ADR) Rally 6.82%

Written by Jerad Winslet | Feb 23, 2015 | 0

Shares of Empresas ICA SA (ADR) (NYSE:ICA) appreciated by 6.82% during the past week but lost 17.72% on a 4-week basis. The shares have outperformed the S&P 500 by 6.14% in the past week but underperformed the index by 20% in the last 4 weeks.

Empresas ICA SAB de CV (ICA) moved to higher ground as the shares gained 0.2 points or +5.6180%. Among the most assuring fact is that the intraday rally did not lose steam and the stock closed near the days high. The stock had hit a high of +3.7600 before concluding the session at +3.7600 amid a volume of 651,996 shares. The previous close of the share price was +3.5600. Traders must set their eyes on the 52-week high value of 8.43. The stock has a 52-week low of 2.96. The 30-day simple moving average of the stock is 4.22 and the 60-day simple moving average is 4.66. The trading currency is in USD.

Empresas ICA SA (ADR) (NYSE:ICA) may face some pressure in the coming sessions. The short interest has registered a change of 23.57% for the month. The total shorted shares measure up to 0.014 times the outstanding shares. Over the preceding 3 months, short interest has changed to 4.85%. The company has a short ratio of 8.55. A low ratio indicates that the short interest is still on the lower end while a high ratio represents aggressive short positions. The daily volume has averaged 311,799 shares in the last 20 days. The volume in the preceding 20 trading sessions has been calculated at 0.2% of the total outstanding shares.

Empresas ICA SAB de CV (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. In addition, it is engaged in the development and marketing of real estate, the construction, maintenance and operation of airports, highways, bridges and tunnels and in the management and operation of water supply systems and solid waste disposal systems under concessions granted by governmental authorities. ICA operates in six segments: Civil Construction, Industrial Construction, Housing, Airports, Concessions, and Corporate and Other. The Company also manages and operates airports and municipal services under concession arrangements. In June 2014, the Company acquired Facchina Construction Group (FCG) in United States.

____________________________________
http://www.winstonview.com/company-shares-of-empresas-ica-sa-adr-rally-6-82/359990/

ICA

[chmcnfunds]

Finished HOD at $3.76. Strong buying at the end!

ICA

[chmcnfunds]

Technical analysis (as of: 2015-02-20 9:58:11 AM)

Overall:

Stoxline rating system posted a STRONG BUY today, upgraded from lower rating. This stock seems to be very strong for long buyers. If you bought, continue to hold stock until SELL signal. You are relatively safe as long as the SELL warning is not issued.

Target:
Six months: 4.81 One year: 5.64
Support:
Support1: 2.96 Support2: 2.46
Resistance:
Resistance1: 4.12 Resistance2: 4.83
Pivot:
3.75
Moving Averages:
MA(5): 3.46 MA(20): 3.91
MA(100): 5.44 MA(250): 6.59
MACD:
MACD(12,26): -0.32 Signal(12,26,9): -0.31
%K %D:
%K(14,3): 39.38 %D(3): 27.74
RSI:
RSI(14): 36.34
52-Week:
High: 8.43 Low: 2.96 Change(%): -48.8
Average Vol(K):
3-Month: 363 10-Days 373
_______________________________________
http://www.stoxline.com/quote.php?symbol=ica

ICA

[chmcnfunds]

Chart continues to be positive Now new today -- SAR flipped and MACD cross-over:



ICA

[chmcnfunds]

Never fully understood pinchers, but see them on this post at House of Pinchers:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110967160

BUY at Stoxline:

http://www.stoxline.com/quote.php?symbol=ica

ICA

[chmcnfunds]

Maybe, just maybe has found bottom going into earnings. Technical indicators, except SAR, turning up and no news:



ICA

[willlbone]

Ten year low.

[detearing]

$3.5 falling like a knife. Looking to double down again.

[chmcnfunds]

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.
The Fly On The Wall"

ICA







Empresas ICA SA - Get News & Ratings D

[chmcnfunds]

Someone traded 61,452 shares @ 11:10:35 today -- slow buying since. Maybe the bottom.

ICA

[chmcnfunds]

Today is a chance to get a few more shares, which I did, but when will this drop end? As you know this is now a five year low and this two year chart shows it is waaaay oversold. So hard to get any info about the company and hardly anyone posts anything anywhere. You still here?



ICA

[detearing]

Doubled down $3.95.

[chmcnfunds]

First Call Rating Update on Empresas ICA SA (ADR)

Posted by Erica Dunham on January 26, 2015 // Leave Your Comment


Empresas ICA SA (ADR) (NYSE:ICA) has been rated as Buy in the consensus report of First Call Corporation. The rating of the company was disclosed in the equity research recommendation.
Analysts from various Brokerage Firms have rated the company and commented on its price target. Empresas ICA SA (ADR) (NYSE:ICA): The stock price is expected to reach $ 8.35 in the short term. The number of analysts agreeing with this consensus is 2. The higher estimate for the short term price target is at $9 while the lower estimate is at $8. The standard deviation of the price stands at $0.5.
Empresas ICA SA (ADR) (NYSE:ICA) had a dismal day in the stock market. The counter had lost 1.3% or 0.06 points as per the last executed transaction. The stock opened at $4.64 and touched two extreme price points of $4.66 and $4.56 before concluding at $4.57. A total of 460,456 shares were traded on the exchange. The counter had ended the previous trading day at $4.63 per share. The stock has a 52-week high of $8.43 and a 52-week low of $4.37. With approximately 151,840,000 shares available in free circulation, the company has a market cap of $694 million.

Empresas ICA SA (ADR) (NYSE:ICA) has a short ratio of 4.33. Higher the ratio, the more pressurized the stock will be, lower the ratio, lesser the duress on the stock. The short interest has seen a change of 16.52% in the past month. The 3-month change in short interest was measured at -40.12%. The ratio of monthly shorts to total outstanding shares stands at 0.011. The average daily volume for the last 20 days is 240,542 shares. The 20-day volume is 0.16% of the total shares outstanding. A low short ratio indicates marginal bearishness while a high short ratio represents excessive pessimism.
________________________________

http://www.stocknomics.co/site.php?url=http://rockhilldaily.com/first-call-rating-update-on-empresas-ica-sa-adr/319500/

ICA

[detearing]

Super News.

[chmcnfunds]

ICA Signs Ps. 3,989 Million Contract to Build the Santa Maria Dam in Sinaloa

MEXICO CITY, Jan. 13, 2015 (GLOBE NEWSWIRE) --

Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in Mexico, today announced the signing of the public works contract to build the Santa Maria reservoir dam with the Federal Water Commission, Conagua. The Ps. 3,989 million unit-price, fixed-term public works contract was awarded through a domestic bidding process. The project is scheduled to be completed in January 2018.

The Santa Maria dam, to be located on the Rio Baluarte in Rosario, Sinaloa will provide water principally for agricultural use in Sinaloa, and aid in the development of value-added in the southern part of the state. The dam will have 120 m high and 784 m long. The reservoir will have a total storage capacity of approximately 980 million m3 of water, and be capable of irrigating approximately 24,000 hectares of farmland in the municipalities of Rosario and Escuinapa.

Alonso Quintana, ICA's Chief Executive Officer, said, "The Santa Maria dam project builds on ICA's demonstrated expertise and long tradition of building dams and hydroelectric projects. We look forward to aiding in the development of the southern part of Sinaloa."

This press release contains projections or other forward-looking statements related to ICA that reflect ICA's current expectations or beliefs concerning future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico, Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in tax and other laws affecting ICA's businesses, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors set forth in ICA's most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements.

Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, lCA is listed on the Mexican and New York Stock exchanges. For more information, visit ir.ica.com.mx

CONTACT: Ana Paulina Rubio

Read more: http://www.nasdaq.com/press-release/ica-signs-ps-3989-million-contract-to-build-the-santa-maria-dam-in-sinaloa-20150113-00510#ixzz3Oifw2bhq
______________________________________

ICA

[detearing]

$4.95 glad I loaded...ICA be fine in time.

[detearing]

Could be...

[chmcnfunds]

Don't trust Zack's. Today they have upgraded ICA. They are not independent because they have an investment arm. Wonder if they have traded ICA over the past several days?

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Zacks Upgrades Empresas ICA SA to “Neutral” (NYSE:ICA)
December 26th, 2014 • 0 comments • Filed Under • by ABMN Staff

Empresas ICA SA Empresas ICA SA (NYSE:ICA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a researchreport issued to clients and investors on Friday. The firm currently has a $5.30 price target on the stock. Zacks‘s target price would indicate a potential upside of 3.31% from the stock’s previous close.

Shares of Empresas ICA SA (NYSE:ICA) traded down 3.12% during mid-day trading on Friday, hitting $4.97. 312,828 shares of the company’s stock traded hands. Empresas ICA SA has a 52 week low of $4.37 and a 52 week high of $8.54. The stock’s 50-day moving average is $5.60 and its 200-day moving average is $6.95. The company’s market cap is $764.3 million.

Empresas ICA SA (NYSE:ICA) last announced its earnings results on Friday, October 24th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.56.

Empresas ICA SAB de CV (NYSE:ICA) is a Mexico-based holding company.

To get a free copy of the research report on Empresas ICA SA (ICA), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Empresas ICA SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empresas ICA SA and related companies with Analyst Ratings Network's FREE daily email newsletter
______________________________________________

http://www.americanbankingnews.com/2014/12/26/zacks-upgrades-empresas-ica-sa-to-neutral-nyseica/

ICA

[chmcnfunds]

Didn't expect this. Wasn't on the chart and there is no news.

Must be Zack's strong sell from the 24th:

http://www.nasdaq.com/article/zacks-rank-5-additions-for-wednesday-tale-of-the-tape3-cm426704

ICA

[detearing]

Loaded in 4's.

[chmcnfunds]

Moody's changes ICA´s outlook to stable from negative; affirms B2 ratings

Approximately USD 1.4 billion in rated debt instruments affected

New York, December 18, 2014 -- Moody's Investors Service has changed Empresas ICA, S.A.B. de C.V. (ICA)'s rating outlook to stable from negative and affirmed the company's B2 corporate family and senior unsecured debt ratings.

RATINGS RATIONALE

The outlook change was prompted by our expectation of a recovery in the construction industry fundamentals, along with the refinancing of ICA´s short term debt and the gradual improvement in its credit metrics. We believe that the lower leverage level of 6.8 times as of September 31, 2014 (from 11.6 times in December 31, 2012) could be temporary, reversing as the company's construction activity reactivates. However, we don't foresee a material deterioration in ICA's credit profile over the next quarters, given the company's focus in reducing debt with proceeds from assets sales and its leverage target of consolidated reported net debt / EBITDA of 5 times.

Also supportive of the stable outlook are the positive business prospects in Mexico, in the context of the country´s energy reform and the new National Plan for Infrastructure. Given the sizeable projects, the local content requirements and the complexities of operating in a country like Mexico, company's like ICA, with expertise in the execution and long term relationships with government-related entities, should benefit the most. For example, we expect to see an increasing number of consortiums formed with local players and, since around 50% of the investments will target the energy sector, the joint venture between ICA and Fluor would be very well positioned to capture a significant portion of it. However, we also anticipate that these positive prospects will attract foreign construction players, increasing competition. Somewhat offsetting this competitive risk is ICA's favorable operating track record as well as its solid long-term business relationship with major government-related entities such as Pemex (A3 stable) and CFE (Baa1 stable). This advantage is particularly relevant when partnering with selected international and local companies to bid for large construction or concession projects.

ICA's ratings are based on the company's weak credit metrics related to debt leverage and interest coverage as well as historically weak liquidity. The ratings also factor ICA's high dependence on short term bank debt renewals as well as asset sales to fund operations and committed equity injections to its portfolio of concessions. Supporting ICA's ratings are its leading position in the construction industry in Mexico, its long-term track record of participating in the largest construction and infrastructure projects in the country, and the company's diversified and solid portfolio of concessions in the road, airport, water treatment, and ports, among others, most of which have solid margins and favorable earnings prospects.

ICA's liquidity risk is high, tempered by a high reliance on short term debt to fund working capital needs mainly related with construction business. However, the company has been recently improving its credit profile by extending debt maturities. In the 2Q14, ICA placed USD 700 million in senior notes due 2024 and the proceeds were used to prepay USD 200 million in notes due 2017 and to refinance short-term debt at the construction segment, improving significantly the company's debt maturity profile. As of September 30, 2014, ICA had about MXN 7.2 billion in cash and cash equivalents, which was enough to cover MXN 6.7 million in debt maturing in the next 12 months. Nevertheless ICA has about MXN 2.7 billion in capex planned for the same period, mainly related to committed equity contributions to concessions, which must be funded before the end of 2014.

The stable outlook on ICA's ratings reflects its sustainable recovery in operating performance and better visibility about the cash flow generation at the construction business in Mexico. The outlook also considers our expectation that, although recovery in the construction segment will result in higher working capital needs, liquidity and credit profile will not be materially deteriorated as a result. Supporting our expectations are ICA's recent focus on refinancing operating debt at corporate level to be later paid with proceeds from its assets recycling process. Also considered in our expectations is the company's net leverage target of 5 times in the next couple of years.

If the company's maturing concession portfolio either increase dividends to ICA or is monetized via asset sales, with the proceeds used for significant debt reduction, a positive credit momentum could develop. In this regard, the ratings could be positively affected if the company manages to maintain its consolidated Moody's-adjusted leverage below 6.5 times and reported leverage at construction business below 4 times on a sustained basis, while maintaining positive revenue growth. For an upgrade to be considered, ICA's operating margins should be stable and it would have to maintain a backlog sufficient to cover at least 12 months of execution.

ICA's ratings could be downgraded if the company's liquidity position worsens with limited prospects for a short-term improvement, if we believe that revenue or margins during the next 12 to 18 months will be weaker than expected, if debt leverage increases further, or if it becomes difficult for the company to renew its revolver credit lines, which today fund its working capital needs.

The last rating action on ICA was on May 20 2014, when Moody's assigned a B2 rating to ICA's up to USD600 million guaranteed senior unsecured notes due in 2019. Please see the related press release for further detail.

Headquartered in Mexico City, Empresas ICA, S.A.B. de C.V. ("ICA") is the largest infrastructure and construction company in Mexico. In the last twelve months (LTM) ended in September, 2014, ICA's revenue and Moody's-adjusted EBITDA margin were about USD 2.6 billion and 26.7% respectively. ICA is also the main sponsor in 18 concessions, from toll roads to water treatment plants, among others.

The principal methodology used in these ratings was Construction Industry published in November 2014. Please see the Credit Policy page on www.moodys.com for a copy of this methodology.

REGULATORY DISCLOSURES

For ratings issued on a program, series or category/class of debt, this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series or category/class of debt or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the rating action on the support provider and in relation to each particular rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.

For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this rating action, and whose ratings may change as a result of this rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.

Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.

Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.

Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating.

Sandra Beltran
Analyst
Corporate Finance Group
Moody's de Mexico S.A. de C.V
Ave. Paseo de las Palmas
No. 405 - 502
Col. Lomas de Chapultepec
Mexico, DF 11000
Mexico
JOURNALISTS: 001-888-779-5833
SUBSCRIBERS:52-55-1253-5700
Marianna Fernandes Rodrigues Waltz
Associate Managing Director
Corporate Finance Group
JOURNALISTS: 800-891-2518
SUBSCRIBERS: 55-11-3043-7300
Releasing Office:
Moody's Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
U.S.A.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
______________________________________
https://www.moodys.com/research/Moodys-changes-ICAs-outlook-to-stable-from-negative-affirms-B2--PR_313727

ICA

[detearing]

$4.45 low....woe woe...lol

will add more soon...

[chmcnfunds]

Good for you, I bought at $6.11 never dreaming it was not near the bottom. I was wondering if you were in?

One of the few green today -- so far.

ICA

[detearing]

Reentry $4.65.

ICA

[chmcnfunds]

ICA Fluor to Build a US$1.3 Billion Dollar Coker Plant in Mexico

MEXICO CITY, Dec. 3, 2014 (GLOBE NEWSWIRE) --

ICA Fluor, the industrial construction joint venture of Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA) and Fluor Corporation (NYSE:FLR), announced today that it signed a contract with Pemex Refinación for the construction of the delayed coker unit that will be installed at the Miguel Hidalgo Refinery in Tula, Hidalgo, Mexico. The total contract value is US$1.3 billion dollars.

ICA Fluor was awarded the contract for Phase I of the Residue Recovery Project for the Miguel Hidalgo Refinery in 2013. This Phase II contract involves providing detail engineering, procurement and construction (EPC) services for the 86,000 barrels per day capacity plant. It is the first package to be converted to the EPC stage under the open book established in the Phase I contract. The mechanical completion of the project is scheduled for the second quarter of 2018.

"This project is a major step in the modernization of Mexico's oil processing facilities," said Juan Carlos Santos, Director General of ICA Fluor. "We are proud to be in the position to support Pemex with our Mexican engineering and construction resources to advance the key goals set forth in its strategic plan."

This report contains projections or other forward-looking statements related to ICA that reflect ICA's current expectations or beliefs concerning future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico, Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in tax and other laws affecting ICA's businesses, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors set forth in ICA's most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements.

ICA Fluor is the leading industrial engineering-construction company in Mexico, dedicated to the engineering, procurement, construction and maintenance of industrial facilities in the oil and gas, chemical, petrochemical, automotive, power, mining, and telecommunication industries.

Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, lCA is listed on the Mexican and New York Stock exchanges. For more information, visit ir.ica.com.mx

Fluor Corporation (NYSE:FLR) is a global engineering and construction firm that designs and builds some of the world's most complex projects. The company creates and delivers innovative solutions for its clients in engineering, procurement, fabrication, construction, maintenance and project management on a global basis. For more than a century, Fluor has served clients in the energy, chemicals, government, industrial, infrastructure, mining and power market sectors. Headquartered in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list. With more than 40,000 employees worldwide, the company's revenue for 2013 was $27.4 billion. Visit Fluor at www.fluor.com and follow on Twitter @FluorCorp.

Ana Paulina Rubio

Elena Garcia

+(5255) 5272 9991 x 3608

Gabriel de la Concha

Corporate Finance Director and Treasurer
Victor Bravo

Chief Financial Officer
In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560
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https://globenewswire.com/news-release/2014/12/03/688506/10110933/en/ICA-Fluor-to-Build-a-US-1-3-Billion-Dollar-Coker-Plant-in-Mexico.html

ICA

[chmcnfunds]

ICA wins $197M tunnel contract

Aug 20 2014, 06:57 ET

ICA (NYSE:ICA), Mexico's largest construction company, has announced a 2.6B peso ($197M) contract to build a tunnel aimed at reducing flood risks in the center of the country.The Churubusco-Xochiaca project is estimated to be completed in approximately two and a half years.
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http://seekingalpha.com/news/1943855-ica-wins-197m-tunnel-contract?uprof=46#email_link

ICA

[chmcnfunds]

ICA making nice moves over the last several days. A few cross-overs today:

[chmcnfunds]

Great day so far while the overall market is down:



ICA

[chmcnfunds]

Empresas ICA (ICA) Q2 2014 Results - Earnings Call Transcript

Aug. 3, 2014 8:21 AM ET | About: Empresas ICA S.A. DE C.V. (ICA)

Operator

Good morning. My name is Lia and I will be your conference operator today. At this time, I would like to welcome everyone to the Empresas ICA Second Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question and answer session. (Operator Instructions) Your host this morning is Victor Bravo, Chief Financial Officer of Empresas ICA. You may begin.

Victor Bravo - Chief Financial Officer
Good morning and thank you for joining us for ICA’s second quarter 2014 conference call. With me today are Gabriel de la Concha, our Chief Investment Officer and Head of Investor Relations, and the IR team including Paulina Rubio and Elena Garcia.

I have to focus my comments this morning on five highlights in our results. First, I will cover on the construction segment and stronger source in constructions in airports and in line with our outlook for the year.

Significant reductions in SG&A also. Second, we have to get it another step in our initiative to increase the international share of our business with the acquisition of Facchina Construction Group or FCG) n the United States and contract wins in Colombia and Chile.

The Board has set medium-term goals to expand the international’s share of the construction business to 30% from a baseline of less than 10%. Third, we are completing our construction projects.

We expect to start operations of four projects in the second half including the Agua Prieta water projects, and a highway expansion in (inaudible) this push accounted for most of the revenue increase in the quarter. Fourth, capital markets transactions significantly improved our debt maturity profile and cut short-term debt in half.

Finally, we have a solid pipeline of new projects for this as the ATT announced last week ICA is in first place for the contract for the Mexico rail tunnel. This project win could be a positive signal for construction activity in the second half of 2014.

Let me address each of these five points and then we will open up the call for your questions.

Construction activity continues to recover in Mexico relatively slowly. International is making a significant contribution to construction. The operating constructions are maturing and generating large increases in traffic volume. The airport business continues to exceed expectations for growth in volumes and revenues.

Revenues from operating results for the second quarter and for the full six months of 2014 are in line with our full year average. Looking at the details, two factors in 2013 have such year-over-year comparisons. We have a 419 million peso gain on the sales on the RCO tollroads in the last year’s second quarter recorded as other fee income.

In addition, revenue related to the real estate as a major group in the first half of 2013 was concentrated in the second quarter at a constant basis. Construction revenue increased 22% in the second quarter. The acquisition of Facchina accounted for about 15% of this growth in the first half, construction increased 23%.

SPC contributed about 7% to growth and the other 16% was organic. Construction margins also recovered. The second quarter adjusted EBITDA margins rose to 9.6% and the six months adjusted EBITDA margin improved to 8.4%, up 350 basis points.

Revenues from the construction business decreased 17% in the second quarter. This was level of success in 2013 that I mentioned. For the six months, revenues grew 16% largely as a result of the growth in traffic volume.

Traffic on the four operating highways rose 36% in the second quarter and 46% in the first half, led by Rio de Los Remedios and Verde-Ciudad Valles highways. The Acapulco Tunnel had a solid revamp and Mayab Road traffic also grew.

Single page view page 1 / 4| Next »
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http://seekingalpha.com/article/2374915-empresas-ica-ica-q2-2014-results-earnings-call-transcript?app=1&uprof=46

ICA