Amer Movil (NYSE:AMX) was down 1.6% during trading on Wednesday . The stock traded as low as $11.80 and last traded at $11.99, with a volume of 1,363,754 shares trading hands. The stock had previously closed at $12.18.

Several equities research analysts recently commented on AMX shares. Morgan Stanley downgraded 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 research report on Friday, April 29th. Credit Suisse Group AG restated a “hold” rating and issued a $16.00 price target on shares of Amer Movil in a research report on Tuesday, May 3rd. 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. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Amer Movil in a research report on Wednesday, March 30th. Finally, BTIG Research initiated coverage on shares of Amer Movil in a research report on Wednesday, June 22nd. They issued a “neutral” rating for the company. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.01.

The company has a 50-day moving average of $12.20 and a 200 day moving average of $13.62. The firm has a market cap of $39.78 billion and a P/E ratio of 23.21.

Several hedge funds have made changes to their positions in AMX. OppenheimerFunds Inc. raised its stake in shares of Amer Movil by 16.5% in the fourth quarter. OppenheimerFunds Inc. now owns 19,152,842 shares of the company’s stock worth $269,289,000 after buying an additional 2,712,043 shares in the last quarter. Brandes Investment Partners LP raised its stake in shares of Amer Movil by 20.4% in the fourth quarter. Brandes Investment Partners LP now owns 5,243,511 shares of the company’s stock worth $78,656,000 after buying an additional 888,906 shares in the last quarter. GFS Advisors LLC raised its stake in shares of Amer Movil by 362.8% in the fourth quarter. GFS Advisors LLC now owns 237,776 shares of the company’s stock worth $3,343,000 after buying an additional 186,400 shares in the last quarter. BARING ASSET MANAGEMENT Ltd raised its stake in shares of Amer Movil by 43.5% in the fourth quarter. BARING ASSET MANAGEMENT Ltd now owns 249,354 shares of the company’s stock worth $3,506,000 after buying an additional 75,643 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Amer Movil by 14.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 547,600 shares of the company’s stock worth $7,699,000 after buying an additional 70,200 shares in the last quarter.

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.