The shares of Alsea, which manages international franchises such as Burger King and Starbucks, gained 4.23% to 61.3 pesos, interrupting a streak of five sessions of losses.
“Alsea presented positive results in 3Q23, aligned with expectations in all areas,” said Vector Casa de Bolsa, in an analysis note. “We have a ‘buy’ recommendation with an estimated 12-month VI of 70 pesos per share.”
The firm reported on Tuesday a 56% year-on-year increase in its net income for the third quarter, to 495 million pesos (28 million dollars), with an 11% increase in its income.