NEW YORK (TheStreet) -- CEMEX (CX) - Get Report shares are rallying 1.21% to $7.54 on Monday after the cement maker earlier today announced that it was selling certain assets in the U.S. to a U.S. affiliate of Mexico's Grupo Cementos de Chihuahua for $400 million.
The main assets being divested are CEMEX's cement plant in Odessa, TX and Lyons, CO, three cement terminals and the building materials business in El Paso, TX and Las Cruces, NM.
CEMEX noted that the transaction is expected to close before the end of 2016.
This comes as the company is aiming to sell assets for as much as $1.5 billion in 2016 and 2017 to pay down debt, the Wall Street Journal reports.
Separately, TheStreet Ratings currently has a "Sell" Rating on the stock with a letter grade of D+.
The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and poor profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
You can view the full analysis from the report here: CX