Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

According to Zacks, “OMA operates and manages 13 international airports in the north and central regions of Mexico. OMA’s airports serve Monterrey, México’s third largest metropolitan area, the tourist destinations of Acapulco, Mazatlan, and Zihuatanejo, and nine other regional centers and border cities. OMA’s airports fulfill international safety norms and have received environmental compliance certificates. Their corporate name is Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., and they serve their passengers, their airlines, and their business partners under the commercial name OMA. “

Several other research analysts have also weighed in on the stock. Scotiabank lowered shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “sector perform” rating to an “underperform” rating and upped their price objective for the company from $43.00 to $46.00 in a research note on Thursday, September 7th. BidaskClub upgraded shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $50.70.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) traded up $0.14 during trading on Thursday, reaching $39.30. 163,350 shares of the company’s stock traded hands, compared to its average volume of 93,700. The firm has a market cap of $1,630.00, a price-to-earnings ratio of 17.13, a PEG ratio of 5.66 and a beta of 0.97. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.76. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 1 year low of $30.05 and a 1 year high of $52.51.

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A number of hedge funds have recently bought and sold shares of the business. Bank of Montreal Can grew its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 0.4% in the second quarter. Bank of Montreal Can now owns 14,011 shares of the transportation company’s stock worth $675,000 after acquiring an additional 52 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,847 shares of the transportation company’s stock worth $280,000 after acquiring an additional 62 shares in the last quarter. Aperio Group LLC grew its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 4.4% in the second quarter. Aperio Group LLC now owns 16,256 shares of the transportation company’s stock worth $783,000 after acquiring an additional 681 shares in the last quarter. Naples Global Advisors LLC grew its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 10.2% in the second quarter. Naples Global Advisors LLC now owns 8,925 shares of the transportation company’s stock worth $430,000 after acquiring an additional 825 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 5.5% in the second quarter. Franklin Resources Inc. now owns 19,200 shares of the transportation company’s stock worth $925,000 after acquiring an additional 1,000 shares in the last quarter. 10.88% of the stock is owned by institutional investors.

About Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

Analyst Recommendations for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

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