CEMEX, S.A.B. de C.V. (CX)
Pre-market:
| Previous close | 8.40 |
| Open | 8.48 |
| Bid | 0.00 x 1800 |
| Ask | 0.00 x 28000 |
| Day's range | 8.18 - 8.48 |
| 52-week range | 5.67 - 9.27 |
| Volume | |
| Avg. volume | 7,061,630 |
| Market cap | 12.431B |
| Beta (5Y monthly) | 1.09 |
| PE ratio (TTM) | 68.17 |
| EPS (TTM) | 0.12 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 13 Dec 2019 |
| 1y target est | 10.02 |
Business WireStandard & Poor’s Upgrades Cemex to Investment Grade
MONTERREY, Mexico, March 13, 2024--Rating agency Standard & Poor’s (S&P) announced today that it has upgraded Cemex’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy, and flexible capital allocation.
- Reuters
UPDATE 1-Mexico's Cemex recovers investment-grade rating from S&P
Debt issued by Mexican cementmaker Cemex was upgraded to "BBB-" by S&P Global Ratings on Wednesday, pushing the firm one notch into investment-grade territory after more than a decade of languishing in the agency's speculative grade, or junk, status. The credit ratings agency emphasized in a statement that Cemex's business strategy provides "headroom for the company to sustain the investment-grade rating through business cycles." S&P added that Cemex's priorities for this year and next should include boosting core earnings, or earnings before interest, taxes, depreciation, and amortization (EBITDA), through margin expansion and acquisitions.
- Reuters
Cemex to start new cement-making method to cut costs, emissions
Mexican cement maker Cemex will start using a new manufacturing method that will reduce its consumption of a key intermediary ingredient and cut carbon dioxide (CO2) emissions, the company said on Thursday. Scientists say the industry releases between 8% to 9% of global CO2 emissions per year, making it one of the biggest polluters. To address that, Cemex will begin a process of "micronizing," or finely grinding, its clinker, the heated mix of limestone and minerals that is an intermediary product in cement making, the company said.
