BBVA downgrades Grupo Carso stock to Underperform

Published on 10/15/2026 at 10:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BBVA downgraded Grupo Carso to Underperform with a MXN 135 target on October 14, 2026. Grupo Carso stock costs EUR 7.00 on October 15, 2026.

BBVA changes its rating stance

BBVA downgraded Grupo Carso to Underperform and set a MXN 135 price target on October 14, 2026.
Second-quarter 2026 revenue reached MXN 48.19 billion, up 3.90 percent year over year.
Grupo Carso stock trades at EUR 7.00 at 10:06 a.m. CEST at Lang & Schwarz on October 15, 2026.
Quarterly results are scheduled for November 2, 2026.

Grupo Carso, MXP461181085, Illustration mit AI erstellt.

Grupo Carso (ISIN MXP461181085) was trading at EUR 7.00 at Lang & Schwarz on October 15, 2026, at 10:06 a.m. CEST. Markets Insider reported on October 14, 2026, that BBVA downgraded Grupo Carso from Market Perform to Underperform and set a MXN 135 price target.

BBVA changes the rating stance

The downgrade gives the stock a fresh analyst reference after Grupo Carso had reported second-quarter figures. The target is denominated in Mexican pesos, while the German trading indication is shown in euros, so the two values are separate market references.

TickerLandia lists second-quarter 2026 revenue at MXN 48.19 billion and net income at MXN 2.96 billion. Revenue was 3.90 percent higher than in the prior-year quarter, giving investors a quantified counterpoint to the weaker analyst stance.

What does the target mean?

BBVA's MXN 135 target sits below the BMV quote of MXN 145.12 on October 14, 2026, while Grupo Carso's market capitalization was MXN 326.9 billion on that date. The BMV listing uses the ticker GCARSOA1 and places the company in Mexico's industrial sector.

Three dated steps for the stock

On July 27, 2026, Grupo Carso's second-quarter report covered revenue of MXN 48.19 billion. On October 1, 2026, a Grupo Carso project in Puebla was reported with planned investment of MXN 4 billion and 700 homes by Ground News. On October 14, 2026, BBVA moved its rating from Market Perform to Underperform and set the MXN 135 target.

Next reporting date is November 2

The next scheduled quarterly results date is November 2, 2026, according to TickerLandia. That date will provide the next reported test of revenue growth and profitability after the second-quarter figures.

Stock quote in euros

At Lang & Schwarz, Grupo Carso stock was trading at EUR 7.00 on October 15, 2026, at 10:06 a.m. CEST. The BMV quote was MXN 145.12 on October 14, 2026, and the company's market capitalization was MXN 326.9 billion on that date. The further course of trading is shown by the continuously updated real-time quote of Grupo Carso stock.