Shares of Amer Movil (NYSE:AMX) hit a new 52-week low during trading on Friday . The company traded as low as $11.02 and last traded at $11.41, with a volume of 10,358,786 shares changing hands. The stock had previously closed at $11.75.

Several research firms recently issued reports on AMX. Citigroup Inc. lowered 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. Bank of America Corp. lowered Amer Movil from a “buy” rating to a “neutral” rating in a report on Thursday, April 28th. JPMorgan Chase & Co. lowered Amer Movil from a “neutral” rating to an “underweight” rating and set a $13.00 target price on the stock. in a report on Thursday, April 28th. Scotiabank lowered Amer Movil from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, April 28th. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $16.00 target price on shares of Amer Movil in a report on Tuesday, May 3rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $16.01.

The stock has a market cap of $38.00 billion and a P/E ratio of 23.06. The company’s 50-day moving average is $12.19 and its 200-day moving average is $13.45.

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

Several hedge funds have recently modified their holdings of AMX. Brandes Investment Partners LP increased its stake 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 in the last quarter. State of New Jersey Common Pension Fund D increased its stake 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 in the last quarter. 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 valued at $12,044,000 after buying an additional 18,500 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 valued at $4,543,000 after buying an additional 19,954 shares in the last quarter. Finally, 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 valued at $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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