CEMEX, S.A.B. de C.V. to Issue Dividend of $0.02 (NYSE:CX)

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) announced a dividend on Friday, November 29th,NASDAQ Dividends reports. Investors of record on Tuesday, December 10th will be paid a dividend of 0.0207 per share by the construction company on Wednesday, December 18th. The ex-dividend date is Tuesday, December 10th.

CEMEX Stock Down 0.3 %

NYSE:CX traded down $0.02 during trading hours on Friday, hitting $5.81. 5,252,418 shares of the stock traded hands, compared to its average volume of 8,658,710. The firm has a 50 day moving average price of $5.70 and a 200 day moving average price of $6.18. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 19.37 and a beta of 1.50. CEMEX has a fifty-two week low of $5.00 and a fifty-two week high of $9.27. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49.

Analyst Upgrades and Downgrades

CX has been the topic of several recent analyst reports. StockNews.com lowered CEMEX from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 11th. Barclays dropped their target price on CEMEX from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada decreased their price target on shares of CEMEX from $6.50 to $6.00 and set a "sector perform" rating for the company in a report on Tuesday, October 29th. JPMorgan Chase & Co. downgraded shares of CEMEX from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $7.00 to $6.00 in a research report on Tuesday, October 29th. Finally, Scotiabank lowered their price target on shares of CEMEX from $10.00 to $8.90 and set a "sector outperform" rating on the stock in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $7.82.

CEMEX Company Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.