HSBC downgraded shares of America Movil S.A.B. de C.V. (NYSE: AMX) from an overweight rating to a neutral rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of America Movil S.A.B. de C.V. from a buy rating to a hold rating in a research note to investors on Wednesday. Separately, analysts at Credit Suisse downgraded shares of America Movil S.A.B. de C.V. from an outperform rating to a neutral rating in a research note to investors on Tuesday. Finally, analysts at S&P Equity Research upgraded shares of America Movil S.A.B. de C.V. from a sell rating to a hold rating in a research note to investors on Monday. They now have a $22.00 price target on the stock.

Two equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, eleven have given a hold rating, and three have assigned a sell rating to the stock. America Movil S.A.B. de C.V. has a consensus rating of hold and a consensus target price of $27.46.

America Movil S.A.B. de C.V. (NYSE: AMX) traded down 3.95% on Wednesday, hitting $18.605. America Movil S.A.B. de C.V. has a 1-year low of $18.73 and a 1-year high of $28.47. The stock’s 50-day moving average is currently $22.74. The company has a market cap of $70.551 billion and a price-to-earnings ratio of 10.30.

America Movil S.A.B. DE C.V. (America Movil) is a provider of wireless communications services in Latin America.

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