Industrias Bachoco, S.A.B. de C.V. (IBA) Upgraded to “B-” at TheStreet

Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) was upgraded by research analysts at TheStreet from a “c+” rating to a “b-” rating in a report released on Tuesday.

Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) traded down 0.1955% during mid-day trading on Tuesday, hitting $53.5451. 10,590 shares of the stock traded hands. Industrias Bachoco, S.A.B. de C.V. has a 1-year low of $45.32 and a 1-year high of $56.10. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 12.6914 and a beta of 0.44. The company’s 50 day moving average price is $52.49 and its 200-day moving average price is $49.75.

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Industrias Bachoco, S.A.B. de C.V. Company Profile

Industrias Bachoco, SAB. de C.V. (Bachoco) is a holding company. The Company owns and manages over 1,000 facilities, organized in approximately 10 production complexes and over 60 distribution centers in Mexico, and a production complex in the United States. Bachoco operates through two segments: poultry and others.

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