Amer Movil (AMX) Shares Down 2.2%
Amer Movil (NYSE:AMX) shares were down 2.2% during trading on Friday . The company traded as low as $12.02 and last traded at $12.03, with a volume of 5,522,274 shares changing hands. The stock had previously closed at $12.30.
A number of research analysts have commented on AMX shares. Citigroup Inc. cut shares of Amer Movil from a “neutral” rating to a “sell” rating and decreased their target price for the company from $15.50 to $13.70 in a research report on Thursday, April 28th. BTIG Research started coverage on shares of Amer Movil in a research report on Wednesday, June 22nd. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. cut shares of Amer Movil from a “neutral” rating to an “underweight” rating and set a $13.00 target price on the stock. in a research report on Thursday, April 28th. Bank of America Corp. cut shares of Amer Movil from a “buy” rating to a “neutral” rating in a research report on Thursday, April 28th. Finally, Morgan Stanley cut shares of Amer Movil from an “overweight” rating to an “equal weight” rating and set a $15.00 target price on the stock. in a research report on Friday, April 29th. 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 stock has an average rating of “Hold” and a consensus target price of $16.01.
The stock has a market cap of $39.55 billion and a PE ratio of 30.10. The firm has a 50 day moving average price of $12.10 and a 200-day moving average price of $13.37.
The business also recently disclosed a dividend, which was paid on Thursday, July 21st. Investors of record on Thursday, July 21st were given 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. Comerica Bank increased its position in Amer Movil (NYSE:AMX) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 as of its most recent filing with the SEC.
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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