Citi Downgrades Grupo Aeroportuario del Centro (OMAB) to Sell, 'Out-Of-Consensus View'

(Updated - December 13, 2022 8:58 AM EST)

Citi analyst Stephen Trent downgraded Grupo Aeroportuario del Centro (NASDAQ: OMAB) from Neutral to Sell with a price target of $58.00.

The analyst comments "With the ADRs up 25% ytd and trading at their five-year peak, OMA’s EV/EBITDA and EV/passenger valuations exceed their Mexican peers’. This is in spite of OMA having weaker pandemic-era traffic growth, considerably weaker trading liquidity and no advantages on its concession asset duration. Meanwhile, Vinci’s recent purchase of a strategic stake in OMA, along with a nearshoring-supported sentiment boost for the shares, both seem to be priced in. As such, Citi downgrades OMA’s shares from Neutral to Sell."

For an analyst ratings summary and ratings history on Grupo Aeroportuario del Centro click here. For more ratings news on Grupo Aeroportuario del Centro click here.

Shares of Grupo Aeroportuario del Centro closed at $66.40 yesterday.

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