Zacks Investment Research upgraded shares of Grana y Montero SAA (NYSE:GRAM) from a sell rating to a hold rating in a report released on Wednesday.
According to Zacks, “Grana y Montero SAA operates as a holding company. The company through its subsidiaries operates engineering, construction, oil drilling, data processing services, telecommunications services, distribution of natural gas, and consulting. Grana y Montero SAA is based in Peru. “
Separately, JPMorgan Chase & Co. upgraded Grana y Montero SAA from an underweight rating to a neutral rating in a report on Thursday, January 17th.
NYSE:GRAM opened at $2.89 on Wednesday. Grana y Montero SAA has a 52 week low of $2.25 and a 52 week high of $4.10. The company has a market capitalization of $382.83 million, a P/E ratio of -10.70 and a beta of 0.16. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.96 and a current ratio of 1.15.
Large investors have recently added to or reduced their stakes in the stock. Standard Life Aberdeen plc acquired a new position in Grana y Montero SAA during the fourth quarter valued at approximately $24,483,000. Newfoundland Capital Management acquired a new position in Grana y Montero SAA during the fourth quarter valued at approximately $3,534,000. Dimensional Fund Advisors LP acquired a new position in Grana y Montero SAA during the third quarter valued at approximately $1,286,000. Eaton Vance Management grew its holdings in Grana y Montero SAA by 17.9% during the fourth quarter. Eaton Vance Management now owns 119,700 shares of the construction company’s stock valued at $372,000 after purchasing an additional 18,200 shares during the last quarter. Finally, CIBC World Markets Inc. acquired a new position in Grana y Montero SAA during the third quarter valued at approximately $110,000. Hedge funds and other institutional investors own 11.18% of the company’s stock.
Grana y Montero SAA Company Profile
Graña y Montero SAA., together with its subsidiaries, engages in engineering and construction, infrastructure, and real estate businesses in Peru, Chile, and Colombia. The company operates through four segments: Engineering and Construction, Infrastructure, Real Estate, and Technical Services. The Engineering and Construction segment provides traditional engineering services, such as structural, civil, and design engineering; and services ranging from architectural planning to advanced specialties comprising process design, simulation, and environmental services.
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