Shares of Amer Movil (NYSE:AMX) dropped 3.5% on Thursday . The stock traded as low as $11.59 and last traded at $11.67, with a volume of 5,202,898 shares. The stock had previously closed at $12.09.

AMX has been the topic of several research analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Amer Movil in a research note on Wednesday, March 30th. Citigroup Inc. cut shares of Amer Movil from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $15.50 to $13.70 in a research note on Thursday, April 28th. BTIG Research initiated coverage on shares of Amer Movil in a research note on Wednesday, June 22nd. They set a “neutral” rating on the stock. Bank of America Corp. cut shares of Amer Movil from a “buy” rating to a “neutral” rating in a research note on Thursday, April 28th. Finally, Morgan Stanley cut shares of Amer Movil from an “overweight” rating to an “equal weight” rating and set a $15.00 price objective on the stock. in a research note on Friday, April 29th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $16.01.

The stock’s 50-day moving average price is $12.19 and its 200 day moving average price is $13.45. The firm has a market cap of $38.72 billion and a PE ratio of 23.50.

The company also recently announced a dividend, which was paid on Thursday, July 21st. Stockholders of record on Thursday, July 21st were given a $0.151 dividend. The ex-dividend date was Tuesday, July 19th.

Several institutional investors have recently modified their holdings of AMX. Brandes Investment Partners LP boosted its position 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 valued at $78,656,000 after buying an additional 888,906 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position 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 valued at $7,699,000 after buying an additional 70,200 shares during the last quarter. TSP Capital Management Group LLC boosted its position in shares of Amer Movil by 6.6% in the fourth quarter. TSP Capital Management Group LLC now owns 323,114 shares of the company’s stock valued at $4,543,000 after buying an additional 19,954 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of Amer Movil by 2.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 699,800 shares of the company’s stock valued at $12,044,000 after buying an additional 18,500 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Amer Movil by 23.3% in the fourth quarter. Sei Investments Co. now owns 94,386 shares of the company’s stock valued at $1,327,000 after buying an additional 17,806 shares during 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.