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

AMX has been the subject of a number of research analyst reports. Morgan Stanley cut shares of Amer Movil from an “overweight” rating to an “equal weight” rating and set a $15.00 price objective for the company. in a research report on Friday, April 29th. Citigroup Inc. lowered shares of Amer Movil from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $15.50 to $13.70 in a report on Thursday, April 28th. Credit Suisse Group AG reissued a “hold” rating and set a $16.00 target price on shares of Amer Movil in a report on Tuesday, May 3rd. Barclays PLC reduced their target price on shares of Amer Movil from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Amer Movil in a report on Wednesday, March 30th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.01.

The company’s 50 day moving average price is $12.23 and its 200-day moving average price is $13.47. The stock has a market cap of $41.42 billion and a P/E ratio of 24.17.

The company also recently disclosed a dividend, which was paid on Thursday, July 21st. Stockholders of record on Thursday, July 21st were given a $0.151 dividend. The ex-dividend date was Tuesday, July 19th.

A number of large investors recently made changes to their positions in AMX. Sei Investments Co. increased 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 worth $1,327,000 after buying an additional 17,806 shares in the last quarter. PNC Financial Services Group Inc. increased 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 worth $1,006,000 after buying an additional 8,209 shares in the last quarter. Comerica Bank increased 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 worth $1,415,000 after buying an additional 2,717 shares in the last quarter. TSP Capital Management Group LLC increased 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 worth $4,543,000 after buying an additional 19,954 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased 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 worth $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.

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