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

CEMEX, S.A.B. de C.V. (NYSE:CX) declared 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 Price Performance

Shares of CEMEX stock opened at $5.81 on Friday. The firm has a fifty day moving average price of $5.70 and a two-hundred day moving average price of $6.19. CEMEX has a fifty-two week low of $5.00 and a fifty-two week high of $9.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73. The company has a market cap of $8.42 billion, a PE ratio of 19.37 and a beta of 1.50.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CX shares. Royal Bank of Canada decreased their target price on CEMEX from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 29th. StockNews.com lowered CEMEX from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th. Scotiabank cut their target price on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut CEMEX from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $6.00 in a research report on Tuesday, October 29th. Finally, Barclays lowered their price target on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.82.

About CEMEX

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.