Amer Movil (AMX) Trading Down 2.2%
Amer Movil (NYSE:AMX)’s share price dropped 2.2% on Friday . The company traded as low as $12.02 and last traded at $12.03, with a volume of 5,522,274 shares traded. The stock had previously closed at $12.30.
AMX has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered Amer Movil from a “neutral” rating to an “underweight” rating and set a $13.00 price objective on the stock. in a research note on Thursday, April 28th. Bank of America Corp. lowered Amer Movil from a “buy” rating to a “neutral” rating in a research note on Thursday, April 28th. Citigroup Inc. lowered Amer Movil from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $15.50 to $13.70 in a research note on Thursday, April 28th. Morgan Stanley lowered 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. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $16.00 price objective on shares of Amer Movil in a research note on Tuesday, May 3rd. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Amer Movil currently has an average rating of “Hold” and a consensus price target of $16.01.
The stock’s 50 day moving average is $12.10 and its 200-day moving average is $13.37. The stock has a market cap of $39.55 billion and a PE ratio of 30.10.
The company also recently disclosed a dividend, which was paid on Thursday, July 21st. Investors of record on Thursday, July 21st were paid a $0.151 dividend. The ex-dividend date was Tuesday, July 19th.
A hedge fund recently raised its stake in Amer Movil stock. State of New Jersey Common Pension Fund D boosted its stake in shares of Amer Movil (NYSE:AMX) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 547,600 shares of the company’s stock after buying an additional 70,200 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Amer Movil were worth $7,699,000 at the end of the most recent 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.