BTIG Research Initiates Coverage on America Movil SAB de CV (ADR) to Neutral

BTIG Research Initiates Coverage on America Movil SAB de CV (ADR)(NYSE:AMX). The shares have been rated Neutral. The rating by BTIG Research was issued on Jun 22, 2016.

In a different note, On Apr 29, 2016, Morgan Stanley said it Downgrades its rating on America Movil SAB de CV (ADR). The shares have been rated ‘Equal-weight’ by the firm. On Apr 28, 2016, Bank of America said it Downgrades its rating on America Movil SAB de CV (ADR). The shares have been rated ‘Neutral’ by the firm. On Apr 28, 2016, Citigroup said it Downgrades its rating on America Movil SAB de CV (ADR). In the research note, the firm Lowers the price-target to $15.50 per share. The shares have been rated ‘Sell’ by the firm. On Apr 28, 2016, JP Morgan said it Downgrades its rating on America Movil SAB de CV (ADR). The shares have been rated ‘Underweight’ by the firm.

America Movil SAB de CV (ADR) (AMX) shares turned negative on Mondays trading session with the shares closing down -0.22 points or -1.89% at a volume of 45,21,886. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.57. The peak price level was also seen at $11.57 while the days lowest was $11.31. Finally the shares closed at $11.4. The 52-week high of the shares is $21.35 while the 52-week low is $11.31. According to the latest information available, the market cap of the company is $37,619 M.

America Movil SAB de CV (ADR)(AMX) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $13.38B. Analysts had an estimated revenue of $12.90B. Earnings per share were $0.08. Analysts had estimated an EPS of $0.24.

America Movil S.A.B. de C.V. (America Movil) is a holding company. The Company provides telecommunications services in 25 countries. It provides wireless fixed-line broadband and pay television services. The Company’s segments include Mexico Wireless Mexico Fixed-Line Brazil Colombia Southern Cone Andean Region Central America United States Caribbean and Europe. Southern Cone includes Argentina Chile Paraguay and Uruguay. Andean Region includes Ecuador and Peru. Central America includes Costa Rica El Salvador Guatemala Honduras Nicaragua and Panama. Caribbean includes the Dominican Republic and Puerto Rico. Europe includes Austria Belarus Bulgaria Croatia Macedonia Serbia and Slovenia. The Company offers data services including short message services (SMS) multimedia messaging service (MMS) mobile entertainment services data-transmission Internet browsing and e-mail services.

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