Credit Suisse Group AG reiterated their hold rating on shares of Amer Movil (NYSE:AMX) in a report issued on Wednesday. The firm currently has a $12.00 price objective on the stock.

Analyst Recommendations for Amer Movil (NYSE:AMX)

AMX has been the subject of a number of other reports. BTIG Research assumed coverage on shares of Amer Movil in a research report on Wednesday, June 22nd. They set a neutral rating for the company. Barclays PLC dropped their price objective 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. Four research analysts have rated the stock with a sell rating, seven have issued 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 price target of $15.51.

Shares of Amer Movil (NYSE:AMX) traded up 1.66% on Wednesday, reaching $11.63. 1,027,753 shares of the company’s stock were exchanged. Amer Movil has a one year low of $11.02 and a one year high of $18.20. The firm has a market capitalization of $38.20 billion, a P/E ratio of 29.08 and a beta of 1.04. The firm has a 50 day moving average of $11.80 and a 200 day moving average of $13.03.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Johnson Investment Counsel Inc. increased its position in shares of Amer Movil by 1.3% in the second quarter. Johnson Investment Counsel Inc. now owns 12,500 shares of the company’s stock worth $153,000 after buying an additional 160 shares in the last quarter. IFP Advisors Inc increased its position in shares of Amer Movil by 3.9% in the first quarter. IFP Advisors Inc now owns 7,999 shares of the company’s stock worth $124,000 after buying an additional 303 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Amer Movil by 0.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 81,469 shares of the company’s stock worth $1,276,000 after buying an additional 362 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Amer Movil by 3.2% in the second quarter. Private Advisor Group LLC now owns 22,874 shares of the company’s stock valued at $276,000 after buying an additional 700 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Amer Movil by 1.3% in the second quarter. Creative Planning now owns 54,727 shares of the company’s stock valued at $671,000 after buying an additional 716 shares in the last quarter. Institutional investors own 6.99% of the company’s stock.

About Amer Movil

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.

5 Day Chart for NYSE:AMX

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