UPDATE: Citi Reinstates Grupo Aeroportuario del Centro (OMAB) at Neutral

September 27, 2022 4:22 AM EDT
Get Alerts OMAB Hot Sheet
Price: $67.83 -0.98%

Rating Summary:
    6 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 13 | New: 17
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(Updated - September 27, 2022 4:42 AM EDT)

Citi analyst Stephen Trent reinstates coverage on Grupo Aeroportuario del Centro (NASDAQ: OMAB) with a Neutral rating and a price target of $56.50.

The analyst comments "Citi reinstates coverage of Mexican airport operator OMA with a Neutral rating and maintains a Neutral rating on Corp America. Overall, these companies continue to lag their Latin peers, in terms of their pandemic-era traffic recoveries. Moreover, their relatively small equity market caps, low concession asset durations and low trading volumes also probably mean that they have a smaller potential audience of equity investors, relative to GAP, ASUR or especially the global operators, such as Buy-rated Fraport or Shanghai Airport."

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 $52.09 yesterday.

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