Amer Movil (AMX) Shares Down 1.5%
Amer Movil (NYSE:AMX)’s share price was down 1.5% during mid-day trading on Tuesday . The company traded as low as $11.78 and last traded at $11.79, with a volume of 6,350,759 shares changing hands. The stock had previously closed at $11.97.
A number of equities analysts have issued reports on AMX shares. BTIG Research started coverage on Amer Movil in a research note on Wednesday, June 22nd. They set a “neutral” rating for the company. Morgan Stanley lowered Amer Movil from an “overweight” rating to an “equal weight” rating and set a $15.00 price target for the company. in a research note on Friday, April 29th. Barclays PLC decreased their price target on Amer Movil from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $16.00 price target on shares of Amer Movil in a research note on Tuesday, May 3rd. Finally, Scotiabank lowered Amer Movil from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, April 28th. Four 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. The company presently has a consensus rating of “Hold” and a consensus target price of $16.01.
The company has a 50 day moving average of $12.13 and a 200 day moving average of $13.28. The firm has a market capitalization of $38.72 billion and a price-to-earnings ratio of 28.07.
A hedge fund recently raised its stake in Amer Movil stock. State of New Jersey Common Pension Fund D boosted its position in shares of Amer Movil (NYSE:AMX) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 reporting period.
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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