Amer Movil (NYSE:AMX) dropped 3.5% on Thursday . The stock traded as low as $11.59 and last traded at $11.67, with a volume of 5,202,898 shares. The stock had previously closed at $12.09.

AMX has been the subject of several recent analyst reports. Morgan Stanley downgraded Amer Movil from an “overweight” rating to an “equal weight” rating and set a $15.00 price target for the company. in a report on Friday, April 29th. Barclays PLC lowered their price target on Amer Movil from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Credit Suisse Group AG restated a “hold” rating and issued a $16.00 price objective on shares of Amer Movil in a research note on Tuesday, May 3rd. Bank of America Corp. cut Amer Movil from a “buy” rating to a “neutral” rating in a research note on Thursday, April 28th. Finally, BTIG Research initiated coverage on Amer Movil in a research note on Wednesday, June 22nd. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $16.01.

The company has a market capitalization of $38.00 billion and a P/E ratio of 23.06. The firm’s 50-day moving average is $12.16 and its 200 day moving average is $13.44.

The business also recently declared a dividend, which was paid on Thursday, July 21st. Shareholders of record on Thursday, July 21st were issued a dividend of $0.151 per share. The ex-dividend date of this dividend was Tuesday, July 19th.

Several hedge funds and institutional investors have added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its position 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 valued at $78,656,000 after buying an additional 888,906 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its position 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 valued at $12,044,000 after buying an additional 18,500 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position 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 valued at $7,699,000 after buying an additional 70,200 shares in the last quarter. Comerica Bank boosted its position in 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. Finally, Sei Investments Co. boosted its position in 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.

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.