Wal-mart de Mexico S A B de C V (WMMVY) Cut to “Neutral” at Credit Suisse Group

Wal-mart de Mexico S A B de C V (WMMVY) Cut to “Neutral” at Credit Suisse Group

Credit Suisse Group downgraded shares of Wal-mart de Mexico S A B de C V (NASDAQ:WMMVY) from an outperform rating to a neutral rating in a report issued on Tuesday morning. The brokerage currently has $39.00 target price on the stock, down from their previous target price of $47.00.

Separately, Zacks Investment Research downgraded shares of Wal-mart de Mexico S A B de C V from a hold rating to a sell rating in a research note on Saturday, November 5th.

Shares of Wal-mart de Mexico S A B de C V (NASDAQ:WMMVY) traded up 0.12% during midday trading on Tuesday, hitting $17.08. 40,842 shares of the stock traded hands. The stock has a 50-day moving average of $17.72 and a 200-day moving average of $21.05. The company has a market cap of $29.82 billion and a price-to-earnings ratio of 19.63. Wal-mart de Mexico S A B de C V has a 52-week low of $15.95 and a 52-week high of $25.91.

About Wal-mart de Mexico S A B de C V

Wal-Mart de Mexico, SAB. de C.V. (WALMEX) is engaged in operating self-service stores. The Company’s segments include Mexico and Central America. In Mexico, the Company operates through Self-service, which includes the operation of discount stores, hypermarkets, wholesale-price membership stores and supermarkets, and Others, which includes department stores and real estate transactions with third parties.

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