Shares of Amer Movil (NYSE:AMX) traded down 1.7% during mid-day trading on Friday . The stock traded as low as $12.56 and last traded at $12.56, with a volume of 2,063,284 shares. The stock had previously closed at $12.78.

Several analysts have recently issued reports on the company. Citigroup Inc. downgraded Amer Movil from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $15.50 to $13.70 in a research note on Thursday, April 28th. Bank of America Corp. downgraded Amer Movil from a “buy” rating to a “neutral” rating in a research note on Thursday, April 28th. JPMorgan Chase & Co. downgraded Amer Movil from a “neutral” rating to an “underweight” rating and set a $13.00 target price for the company. in a research note on Thursday, April 28th. Morgan Stanley downgraded Amer Movil from an “overweight” rating to an “equal weight” rating and set a $15.00 target price for the company. in a research note on Friday, April 29th. Finally, Credit Suisse Group AG restated a “hold” rating and set a $16.00 target price on shares of Amer Movil in a research note on Tuesday, May 3rd. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.01.

The company has a 50 day moving average price of $12.22 and a 200 day moving average price of $13.48. The stock has a market capitalization of $41.42 billion and a P/E ratio of 24.17.

The business also recently announced a dividend, which was paid on Thursday, July 21st. Investors of record on Thursday, July 21st were given a $0.151 dividend. The ex-dividend date of this dividend was Tuesday, July 19th.

Several hedge funds recently added to or reduced their stakes in AMX. Brandes Investment Partners LP increased its stake in Amer Movil by 20.4% in the fourth quarter. Brandes Investment Partners LP now owns 5,243,511 shares of the company’s stock worth $78,656,000 after buying an additional 888,906 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in 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 worth $7,699,000 after buying an additional 70,200 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in Amer Movil by 2.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 699,800 shares of the company’s stock worth $12,044,000 after buying an additional 18,500 shares in the last quarter. TSP Capital Management Group LLC increased its stake in Amer Movil by 6.6% in the fourth quarter. TSP Capital Management Group LLC now owns 323,114 shares of the company’s stock worth $4,543,000 after buying an additional 19,954 shares in the last quarter. Finally, Comerica Bank increased its stake in Amer Movil by 2.4% in the fourth quarter. Comerica Bank now owns 116,362 shares of the company’s stock worth $1,415,000 after buying an additional 2,717 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.

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