BBVA cuts target for Grupo Carso stock to MXN 135
Published on 10/20/2026 at 11:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRating and quarterly context
- BBVA moved Grupo Carso to Underperform with a MXN 135 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 7.95 at 11:37 a.m. CEST at Lang & Schwarz on October 20, 2026.
Grupo Carso (ISIN MXP461181085) is trading at EUR 7.95 at Lang & Schwarz on October 20, 2026, at 11:37 a.m. CEST. The latest external rating action came from BBVA, which downgraded the shares to Underperform and set a MXN 135 price target on October 14, 2026, according to Markets Insider.
BBVA puts valuation under pressure
The BBVA action changed the rating from Market Perform to Underperform. The published target was MXN 135, while the BMV quote reached MXN 165.53 on October 19, 2026, leaving the target below the latest Mexican-market price.
That contrast matters because Grupo Carso's second-quarter operating figures improved on several key measures. TradingView reported second-quarter 2026 revenue of MXN 48.19 billion, up 9.27 percent from the first quarter and 3.90 percent from the second quarter of 2025.
What does the quarter mean for earnings?
The earnings mix was stronger than the revenue increase alone suggests. Second-quarter 2026 net income reached MXN 2.96 billion, up 94.53 percent from MXN 1.52 billion in the first quarter, while operating income rose to MXN 4.47 billion from MXN 3.23 billion. These sequential gains give the BBVA downgrade a clear counterpoint, although the two figures cover different parts of the business cycle.
Three dated milestones
On July 27, 2026, Grupo Carso reported second-quarter revenue of MXN 48.19 billion. On October 14, 2026, BBVA cut its rating from Market Perform to Underperform and set a MXN 135 target, as Markets Insider reported. On October 19, 2026, the BMV quote reached MXN 165.53.
Next date for the stock
TradingView lists October 26, 2026, as the next earnings-report date. That release should show whether the second-quarter improvement in revenue and operating income carried into the next reporting period.
Euro quote and Mexican reference
The stock was trading at EUR 7.95 at Lang & Schwarz on October 20, 2026, at 11:37 a.m. CEST. The Frankfurt quote was EUR 7.60 on October 19, 2026, while the BMV price was MXN 165.53 on the same date. For investors, the central tension is between improved second-quarter profitability and BBVA's lower MXN 135 target.
The further course of trading is shown by the continuously updated real-time quote of Grupo Carso stock.
Grupo Carso stock facts
- Company: Grupo Carso, S.A.B. de C.V.
- ISIN: MXP461181085
- Ticker: GCARSOA1.MX
- Primary exchange: BMV
- Price Lang & Schwarz (as of October 20, 2026, 11:37 a.m. CEST): EUR 7.95
- Market capitalization: MXN 371.4 billion (as of October 19, 2026)
- 52-week range: MXN 113.10-165.53 (as of October 19, 2026)
- Sector / Industry: Industrials / Conglomerates
- Next earnings date: October 26, 2026
Market context: Latest market reports.
