FIBRA Prologis (OTCMKTS:FBBPF) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of FIBRA Prologis (OTCMKTS:FBBPF) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

A number of other analysts have also issued reports on FBBPF. Barclays reiterated an “overweight” rating on shares of FIBRA Prologis in a research note on Monday, May 4th. Itau BBA Securities lowered shares of FIBRA Prologis from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, FIBRA Prologis currently has an average rating of “Moderate Buy”.

FIBRA Prologis Stock Performance

OTCMKTS FBBPF opened at $4.63 on Wednesday. FIBRA Prologis has a one year low of $3.34 and a one year high of $5.18. The company’s 50 day moving average price is $4.54 and its 200 day moving average price is $4.46.

FIBRA Prologis Company Profile

FIBRA Prologis (OTCMKTS: FBBPF) is a Mexican real estate investment trust specializing in the ownership, development and operation of industrial and logistics properties. Established in 2011 as the first Mexican Fibra backed by an international sponsor, the company focuses on acquiring and managing warehouse and distribution centers that serve manufacturing, retail and third-party logistics clients across Mexico’s key industrial corridors.

The trust’s core activities include leasing modern logistics facilities, executing build-to-suit developments and providing property management services tailored to the needs of multinational and domestic occupiers.