Investors Buy Shares of Amer Movil (AMX) on Weakness
Investors 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
A number of equities research analysts recently commented on the stock. Scotiabank lowered shares of Amer Movil from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, April 28th. Credit Suisse Group AG reiterated a “hold” rating and set a $16.00 price target on shares of Amer Movil in a report on Tuesday, May 3rd. Barclays PLC lowered 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 report on Monday, July 18th. Morgan Stanley lowered shares of 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, Bank of America Corp. downgraded shares of Amer Movil from a “buy” rating to a “neutral” rating in a research report on Thursday, April 28th. Four equities 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 company. The stock has a consensus rating of “Hold” and a consensus target price of $16.01.
The firm has a market cap of $39.78 billion and a PE ratio of 28.83. The firm has a 50 day moving average price of $12.15 and a 200-day moving average price of $13.32.
The business also recently declared a dividend, which was paid on Thursday, July 21st. Investors of record on Thursday, July 21st were given a $0.151 dividend. The ex-dividend date was Tuesday, July 19th.
A hedge fund recently raised its stake in Amer Movil stock. State of New Jersey Common Pension Fund D increased its position in Amer Movil (NYSE:AMX) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 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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