CEMEX, S.A.B. de C.V. (CX) Forms $7.48 Double Bottom; Ares Dynamic Credit Allocation Fund Has 1.9 Sentiment

CEMEX, S.A.B. de C.V. (CX) formed double bottom with $7.18 target or 4.00% below today’s $7.48 share price. CEMEX, S.A.B. de C.V. (CX) has $11.77 billion valuation. The stock decreased 1.84% or $0.14 during the last trading session, reaching $7.48. About 4.88M shares traded. CEMEX, S.A.B. de C.V. (NYSE:CX) has risen 38.50% since February 15, 2017 and is uptrending. It has outperformed by 21.80% the S&P500.

The stock decreased 0.35% or $0.0561 during the last trading session, reaching $16.2039. About 39,431 shares traded. Ares Dynamic Credit Allocation Fund, Inc. (ARDC) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Among 16 analysts covering CEMEX S.A.B. de C.V. (NYSE:CX), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. CEMEX S.A.B. de C.V. has $16000 highest and $6 lowest target. $9.56’s average target is 27.81% above currents $7.48 stock price. CEMEX S.A.B. de C.V. had 38 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of CEMEX, S.A.B. de C.V. (NYSE:CX) has “Buy” rating given on Friday, January 29 by Jefferies. The company was upgraded on Tuesday, December 19 by Citigroup. The company was maintained on Monday, August 15 by JP Morgan. On Monday, January 25 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was downgraded by Credit Suisse to “Neutral” on Monday, December 14. The stock has “Neutral” rating by Macquarie Research on Friday, January 8. The firm earned “Buy” rating on Tuesday, June 20 by Bank of America. On Monday, March 21 the stock rating was upgraded by BB&T Capital to “Buy”. As per Thursday, April 21, the company rating was upgraded by Barclays Capital. The company was downgraded on Wednesday, April 6 by Scotia Capital.

Robinson Capital Management Llc holds 1.33% of its portfolio in Ares Dynamic Credit Allocation Fund, Inc. for 180,928 shares. Rivernorth Capital Management Llc owns 711,948 shares or 0.95% of their US portfolio. Moreover, City Of London Investment Management Co Ltd has 0.34% invested in the company for 285,107 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.24% in the stock. Capital Investment Advisors Llc, a Georgia-based fund reported 132,905 shares.