Amer Movil (AMX) Shares Up 2.1%
Amer Movil (NYSE:AMX) shares shot up 2.1% on Thursday . The stock traded as high as $12.04 and last traded at $12.03, with a volume of 2,056,024 shares changing hands. The stock had previously closed at $11.78.
Several brokerages recently weighed in on AMX. Credit Suisse Group AG reiterated a “hold” rating and set a $16.00 price target on shares of Amer Movil in a research report on Tuesday, May 3rd. 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 research report on Friday, April 29th. Barclays PLC reduced their price target on Amer Movil from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Finally, BTIG Research began coverage on Amer Movil in a research report on Wednesday, June 22nd. They set a “neutral” rating for the company. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.01.
The stock has a 50 day moving average price of $12.11 and a 200 day moving average price of $13.25. The stock has a market cap of $38.89 billion and a PE ratio of 28.19.
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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