Amer Movil (NYSE:AMX)’s share price rose 3% on Tuesday . The company traded as high as $12.07 and last traded at $12.03, with a volume of 2,484,793 shares traded. The stock had previously closed at $11.68.

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

The stock has a market capitalization of $39.51 billion and a P/E ratio of 30.07. The stock has a 50 day moving average of $12.11 and a 200-day moving average of $13.40.

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

A hedge fund recently raised its stake in Amer Movil stock. Comerica Bank raised its stake in Amer Movil (NYSE:AMX) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,362 shares of the company’s stock after buying an additional 2,717 shares during the period. Comerica Bank’s holdings in Amer Movil were worth $1,415,000 at the end of the most recent reporting 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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