Amer Movil (NYSE:AMX) shares traded up 2.3% on Thursday . The company traded as high as $12.69 and last traded at $12.64, with a volume of 1,599,969 shares changing hands. The stock had previously closed at $12.35.

A number of research analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of Amer Movil in a report on Wednesday, June 22nd. They set a “neutral” rating on the stock. Scotiabank downgraded shares of Amer Movil from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, April 28th. Credit Suisse Group AG restated a “hold” rating and set a $16.00 price target on shares of Amer Movil in a report on Tuesday, May 3rd. Morgan Stanley downgraded shares of Amer Movil from an “overweight” rating to an “equal weight” rating and set a $15.00 target price on the stock. in a report on Friday, April 29th. Finally, Citigroup Inc. downgraded shares of Amer Movil from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $15.50 to $13.70 in a report on Thursday, April 28th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.01.

The company has a market cap of $41.62 billion and a P/E ratio of 25.26. The stock has a 50 day moving average of $12.16 and a 200-day moving average of $13.54.

The firm also recently announced a dividend, which will be paid on Thursday, July 21st. Investors of record on Thursday, July 21st will be issued a dividend of $0.151 per share. The ex-dividend date of this dividend is Tuesday, July 19th.

Other hedge funds and institutional investors have made changes to their positions in the company. Brandes Investment Partners LP boosted its position in shares of Amer Movil by 20.4% in the fourth quarter. Brandes Investment Partners LP now owns 5,243,511 shares of the company’s stock valued at $78,656,000 after buying an additional 888,906 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Amer Movil by 14.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 547,600 shares of the company’s stock valued at $7,699,000 after buying an additional 70,200 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of Amer Movil by 2.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 699,800 shares of the company’s stock valued at $12,044,000 after buying an additional 18,500 shares during the last quarter. TSP Capital Management Group LLC boosted its position in shares of Amer Movil by 6.6% in the fourth quarter. TSP Capital Management Group LLC now owns 323,114 shares of the company’s stock valued at $4,543,000 after buying an additional 19,954 shares during the last quarter. Finally, GFS Advisors LLC boosted its position in shares of Amer Movil by 362.8% in the fourth quarter. GFS Advisors LLC now owns 237,776 shares of the company’s stock valued at $3,343,000 after buying an additional 186,400 shares during the last quarter.

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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