Amer Movil (NYSE:AMX) shot up 3% during trading on Tuesday . The stock traded as high as $12.07 and last traded at $12.03, with a volume of 2,484,793 shares changing hands. The stock had previously closed at $11.68.

Several research firms recently commented on AMX. Citigroup Inc. cut Amer Movil from a “neutral” rating to a “sell” rating and cut their price target for the company from $15.50 to $13.70 in a report on Thursday, April 28th. Bank of America Corp. cut Amer Movil from a “buy” rating to a “neutral” rating in a report on Thursday, April 28th. JPMorgan Chase & Co. cut Amer Movil from a “neutral” rating to an “underweight” rating and set a $13.00 price target for the company. in a report on Thursday, April 28th. Morgan Stanley cut 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. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $16.00 target price on shares of Amer Movil in a research note on Tuesday, May 3rd. Four 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 a consensus rating of “Hold” and an average price target of $16.01.

The company has a 50-day moving average of $12.11 and a 200-day moving average of $13.39. The stock has a market capitalization of $40.10 billion and a price-to-earnings ratio of 30.52.

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

An institutional investor recently raised its position in Amer Movil stock. State of New Jersey Common Pension Fund D increased its position in shares of Amer Movil (NYSE:AMX) by 14.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 547,600 shares of the company’s stock after buying an additional 70,200 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Amer Movil were worth $7,699,000 at the end of the most recent 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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