Loma Negra Compania Industrial Argentina’s (NYSE:LOMA) quiet period will end on Monday, December 11th. Loma Negra Compania Industrial Argentina had issued 46,000,000 shares in its public offering on November 1st. The total size of the offering was $874,000,000 based on an initial share price of $19.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Several equities research analysts have weighed in on the company. HSBC assumed coverage on Loma Negra Compania Industrial Argentina in a research note on Tuesday, November 28th. They set a “hold” rating and a $21.50 target price for the company. Bank of America assumed coverage on Loma Negra Compania Industrial Argentina in a research note on Monday, November 27th. They set a “neutral” rating and a $26.00 target price for the company. Morgan Stanley assumed coverage on Loma Negra Compania Industrial Argentina in a research note on Monday, November 27th. They set an “equal weight” rating and a $26.00 target price for the company. Finally, Citigroup assumed coverage on Loma Negra Compania Industrial Argentina in a research note on Monday, November 27th. They set a “neutral” rating for the company.

Shares of Loma Negra Compania Industrial Argentina (NYSE:LOMA) opened at $21.73 on Friday. Loma Negra Compania Industrial Argentina has a 12 month low of $20.80 and a 12 month high of $23.92.

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Loma Negra Compania Industrial Argentina Company Profile

Loma Negra Compania Industrial Argentina SA is an Argentina-based company engaged in the cement and concrete segment. The Company focuses on the manufacture and commercialization of cement and related products, such as lime, masonry cement, as well as concrete and aggregates. The Company offers Portland cement, lime and masonry cement packed in bags.

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