Amer Movil (AMX) Sees Unusually-High Trading Volume
Shares of Amer Movil (NYSE:AMX) saw an uptick in trading volume on Thursday . 6,791,690 shares changed hands during mid-day trading, an increase of 46% from the previous session’s volume of 4,654,073 shares.The stock last traded at $12.20 and had previously closed at $12.24.
A number of brokerages have recently weighed in on AMX. Citigroup Inc. lowered shares of Amer Movil from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $15.50 to $13.70 in a report on Thursday, April 28th. Bank of America Corp. lowered shares of Amer Movil from a “buy” rating to a “neutral” rating in a report 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 price objective for the company. in a report on Thursday, April 28th. Morgan Stanley lowered shares of Amer Movil from an “overweight” rating to an “equal weight” rating and set a $15.00 price objective for the company. in a report on Friday, April 29th. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $16.00 price objective on shares of Amer Movil in a report on Tuesday, May 3rd. 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 currently has an average rating of “Hold” and an average target price of $16.01.
The company has a market capitalization of $40.04 billion and a price-to-earnings ratio of 29.02. The company has a 50-day moving average of $12.16 and a 200 day moving average of $13.34.
The business also recently disclosed 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.
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 disclosure 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 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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