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

Several research firms have commented on AMX. Bank of America Corp. lowered shares of Amer Movil from a “buy” rating to a “neutral” rating in a research note on Thursday, April 28th. Scotiabank lowered shares of Amer Movil from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, April 28th. JPMorgan Chase & Co. lowered shares of 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. BTIG Research initiated coverage on shares of Amer Movil in a research note on Wednesday, June 22nd. They set a “neutral” rating for the company. Finally, Barclays PLC lowered their target price on shares of Amer Movil from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. 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 stock has a consensus rating of “Hold” and a consensus price target of $16.01.

The stock has a market capitalization of $38.00 billion and a price-to-earnings ratio of 23.06. The company has a 50-day moving average price of $12.16 and a 200 day moving average price of $13.44.

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

Other hedge funds recently modified their holdings of the company. 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 during the period. 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 during the period. 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 during the period. 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 worth $7,699,000 after buying an additional 70,200 shares during the period. 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 during the period.

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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