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Downgrade Alert for Grupo Aeroportuario del Centro Norte Sab (OMAB)

By Amy Schwartz

Grupo Aeroportuario del Centro Norte Sab (NASDAQ:OMAB) was downgraded from Buy to Neutral at Santander today. The stock closed yesterday at $49.56 on volume of 50,000 shares, above average daily volume of 47,000.

Grupo Aeroportuario del Centro Norte Sab share prices have moved between a 52-week high of $53.58 and a 52-week low of $12.03 and closed yesterday at 312% above that low price at $49.56 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 0.2%.

Grupo Aeroportuario del Centro Norte Sab (NASDAQ:OMAB) defies analysts with a current price ($49.56) 9.5% above its average consensus price target of $44.85. The stock should discover initial support at its 50-day moving average (MA) of $43.86 and subsequent support at its 200-day MA of $40.73.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMA) operates international airports in the northern and central regions of Mexico. The airports serve Monterrey, Acapulco, Mazatlan, Zihuatanejo and several other regional centers and border cities.

SmarTrend recommended that subscribers consider buying shares of Grupo Aeroportuario del Centro Norte Sab on July 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.10. Since that recommendation, shares of Grupo Aeroportuario del Centro Norte Sab have risen 4.2%. We continue to monitor OMAB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades grupo aeroportuario del centro norte sab

Ticker(s): OMAB