Zacks Investment Research Upgrades Wal-Mart de México (OTCMKTS:WMMVY) to “Hold”

Zacks Investment Research upgraded shares of Wal-Mart de México (OTCMKTS:WMMVY) from a sell rating to a hold rating in a research note published on Wednesday, Zacks.com reports.

According to Zacks, “WAL-MART de Mexico-ADR operates 587 commercial units, including self-service stores, department, and restaurants. “

Separately, Grupo Santander started coverage on shares of Wal-Mart de México in a research note on Wednesday, August 25th. They set a buy rating and a $45.00 target price for the company.

OTCMKTS:WMMVY opened at $35.54 on Wednesday. The stock has a market cap of $62.06 billion, a P/E ratio of 30.90, a PEG ratio of 3.53 and a beta of 0.61. Wal-Mart de México has a one year low of $22.96 and a one year high of $36.81. The company has a fifty day moving average price of $34.61 and a 200 day moving average price of $32.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.43.

Wal-Mart de México (OTCMKTS:WMMVY) last released its earnings results on Thursday, July 22nd. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The firm had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.58 billion. Wal-Mart de México had a net margin of 5.90% and a return on equity of 25.91%. As a group, equities research analysts anticipate that Wal-Mart de México will post 1.19 EPS for the current year.

About Wal-Mart de México

Wal-Mart de México SAB de CV engages in the operation of discount warehouses and discount stores, hypermarkets, supermarkets, and clubs. It operates through the Mexico and Central America geographical segments. The company was founded by Jerónimo Arango in 1958 and is headquartered in Mexico City, Mexico.

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