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.

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.