Orbia Advance (OTCMKTS:MXCHY) Raised to “Buy” at Zacks Investment Research

Orbia Advance (OTCMKTS:MXCHYGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday, Zacks.com reports. The brokerage currently has a $5.75 price objective on the basic materials company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.30% from the company’s current price.

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. “

Orbia Advance stock opened at $5.12 on Friday. Orbia Advance has a 12 month low of $4.28 and a 12 month high of $6.50. The business’s 50 day simple moving average is $5.05 and its 200 day simple moving average is $5.16.

About Orbia Advance (Get Rating)

Orbia Advance Corporation, SAB. de C.V. provides products and solutions for precision agriculture, building and infrastructure, fluor, polymer, and data communications sectors worldwide. The company offers irrigation systems, digital agricultural technologies, and related services; and data communications infrastructure, including conduits, and cables and fiber optics, as well as pressurized pipes for natural gas and other solutions.

See Also

Get a free copy of the Zacks research report on Orbia Advance (MXCHY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Orbia Advance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orbia Advance and related companies with MarketBeat.com's FREE daily email newsletter.