Grupo Bimbo (OTCMKTS:BMBOY) Raised to “Hold” at Zacks Research

Grupo Bimbo (OTCMKTS:BMBOY) was upgraded by Zacks Research to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Grupo Bimbo Price Performance

Shares of BMBOY remained flat at $13.58 during mid-day trading on Thursday. The stock had a trading volume of 22 shares, compared to its average volume of 2,388. The stock’s 50 day moving average is $13.48 and its 200-day moving average is $13.59. Grupo Bimbo has a 12-month low of $10.60 and a 12-month high of $15.82.

Grupo Bimbo Company Profile

Grupo Bimbo, SAB. de C.V. (OTCMKTS:BMBOY) is a Mexican multinational bakery products company founded in 1945 and headquartered in Mexico City. Over the decades, it has grown into one of the world’s largest baking firms by sales volume and operates as a publicly traded company on the Mexican Stock Exchange with an American depositary receipt program trading over the counter. The company’s origins trace back to a small bakery in Mexico City, and it has since expanded its footprint through organic growth and strategic acquisitions.

The company’s core business encompasses the production, marketing and distribution of a broad array of baked goods.