Amer Movil (AMX) Sees Unusually-High Trading Volume
Amer Movil (NYSE:AMX) shares saw unusually-high trading volume on Thursday . Approximately 6,791,690 shares changed hands during mid-day trading, an increase of 46% from the previous session’s volume of 4,654,073 shares.The stock last traded at $12.20 and had previously closed at $12.24.
Several equities analysts have commented on the company. Morgan Stanley downgraded Amer Movil from an “overweight” rating to an “equal weight” rating and set a $15.00 price target on the stock. in a report on Friday, April 29th. Barclays PLC lowered their price target on Amer Movil from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Credit Suisse Group AG reiterated a “hold” rating and set a $16.00 price target on shares of Amer Movil in a report on Tuesday, May 3rd. Bank of America Corp. downgraded Amer Movil from a “buy” rating to a “neutral” rating in a report on Thursday, April 28th. Finally, BTIG Research assumed coverage on Amer Movil in a report on Wednesday, June 22nd. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned 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 has a market capitalization of $39.78 billion and a PE ratio of 28.83. The company has a 50-day moving average of $12.15 and a 200 day moving average of $13.32.
The company also recently announced a dividend, which was paid on Thursday, July 21st. Shareholders of record on Thursday, July 21st were paid a $0.151 dividend. The ex-dividend date of this dividend was Tuesday, July 19th.
An institutional investor recently raised its position in Amer Movil stock. Comerica Bank boosted its stake in shares of Amer Movil (NYSE:AMX) by 2.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 116,362 shares of the company’s stock after buying an additional 2,717 shares during the period. Comerica Bank’s holdings in Amer Movil were worth $1,415,000 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.
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