Amer Movil (NYSE:AMX) shares rose 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 trading hands. The stock had previously closed at $12.35.

AMX has been the topic of a number of analyst reports. BTIG Research initiated coverage on Amer Movil in a research note on Wednesday, June 22nd. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Amer Movil in a research note on Wednesday, March 30th. Morgan Stanley downgraded Amer Movil from an “overweight” rating to an “equal weight” rating and set a $15.00 price target on the stock. in a research note on Friday, April 29th. Credit Suisse Group AG reissued a “hold” rating and issued a $16.00 price target on shares of Amer Movil in a research note on Tuesday, May 3rd. Finally, Scotiabank downgraded Amer Movil from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, April 28th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.01.

The stock has a market capitalization of $41.13 billion and a PE ratio of 24.96. The stock has a 50-day moving average price of $12.16 and a 200-day moving average price of $13.52.

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

Other hedge funds have modified their holdings of the company. Sei Investments Co. boosted its stake in shares of Amer Movil by 23.3% in the fourth quarter. Sei Investments Co. now owns 94,386 shares of the company’s stock valued at $1,327,000 after buying an additional 17,806 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Amer Movil by 12.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 71,632 shares of the company’s stock valued at $1,006,000 after buying an additional 8,209 shares in the last quarter. Comerica Bank boosted its stake in shares of Amer Movil by 2.4% in the fourth quarter. Comerica Bank now owns 116,362 shares of the company’s stock valued at $1,415,000 after buying an additional 2,717 shares in the last quarter. TSP Capital Management Group LLC boosted its stake 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 in the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its stake 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 in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.