Traders Buy Amer Movil (AMX) on Weakness
Traders purchased shares of Amer Movil (NYSE:AMX) on weakness during trading hours on Thursday. $47.48 million flowed into the stock on the tick-up and $8.19 million flowed out of the stock on the tick-down, for a money net flow of $39.29 million into the stock. Of all equities tracked, Amer Movil had the 7th highest net in-flow for the day. Amer Movil traded down ($0.05) for the day and closed at $12.19
Several equities research analysts have recently weighed in on AMX shares. JPMorgan Chase & Co. downgraded Amer Movil from a “neutral” rating to an “underweight” rating and set a $13.00 target price for the company. in a research report on Thursday, April 28th. Bank of America Corp. cut Amer Movil from a “buy” rating to a “neutral” rating in a research note on Thursday, April 28th. Citigroup Inc. cut Amer Movil from a “neutral” rating to a “sell” rating and cut their price target for the stock from $15.50 to $13.70 in a research note 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 on the stock. in a research note on Friday, April 29th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $16.00 price target on shares of Amer Movil in a research note 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 stock. The company has an average rating of “Hold” and a consensus price target of $16.01.
The company’s 50-day moving average is $12.15 and its 200-day moving average is $13.34. The company has a market capitalization of $40.04 billion and a P/E ratio of 29.02.
The firm also recently announced a dividend, which was paid on Thursday, July 21st. Shareholders of record on Thursday, July 21st were given a dividend of $0.151 per share. 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 13F filing with the Securities and Exchange Commission. The firm 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 SEC filing.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.