MEXICHEM SAB DE/ADR (MXCHY) Stock Rating Upgraded by Zacks Investment Research

MEXICHEM SAB DE/ADR (OTCMKTS:MXCHY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Zacks.com reports. The brokerage currently has a $5.00 target price on the basic materials company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.86% from the company’s previous close.

According to Zacks, “Mexichem, S.A.B. de C.V. engages in the production and sale of chemicals and petrochemical products. Its activities are structured in three production chains: Chlorine-Vinyl Chain, involved in the manufacture of plasticizers and phthalic anhydride; Fluorine Chain, focused on the extraction of fluorspar and its transformation into acid grade, metallurgical grade and hydrofluoric acid; and Integral Solutions, specialized in the production of PVC pipe systems, connections and plastic accessories, as well as geo-systems, such as geo-textiles and geo-drains. The Company serves construction and civil infrastructure, water supply and basic sanitation, power generation, transportation, communication, health care, and other industries. Mexichem, S.A.B. de C.V. is based in Tlalnepantla, Mexico. “

Shares of MXCHY opened at $4.51 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.10 and a quick ratio of 0.78. MEXICHEM SAB DE/ADR has a 1-year low of $4.07 and a 1-year high of $7.05.

MEXICHEM SAB DE/ADR Company Profile

Mexichem, SAB. de C.V. manufactures and markets chemical and petrochemicals, and plastic pipes and connectors worldwide. It operates through three segments: Vinyl, Fluor, and Fluent. The company offers base chemicals, specialty resins, polyvinyl chloride (PVC) resins, compounds, phthalic anhydride and plasticizers, phosphates, and other chemicals for the automotive, industrial, medical, home, lawn and garden, building and construction, wire and cable, clothing, food and beverages, healthcare, packaging, paints, inks and colorants, and other markets.

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