America Movil S.A.B. de C.V. (AMX) : Analyst Rating Update

America Movil S.A.B. de C.V. (AMX) : 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on America Movil S.A.B. de C.V. (AMX). Zacks Investment Research suggests a Strong Sell with a rank of 5. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 3.4.

America Movil S.A.B. de C.V. (AMX) : The consensus price target for America Movil S.A.B. de C.V. (AMX) is $15.35 for the short term with a standard deviation of $2.01. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $19, however, the pessimist price target for the company is $13.

America Movil S.A.B. de C.V. (NYSE:AMX): The stock opened at $12.04 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.12 for the day. The stock traded down to $11.81 during the day, due to lack of any buying support eventually closed down at $12.07 with a loss of -0.90% for the day. The stock had closed at $12.18 on the previous day. The total traded volume was 2,927,361 shares.

Also, BTIG Research initiates coverage on America Movil S.A.B. de C.V. (NYSE:AMX). The rating major has initiated the coverage with neutral rating on the shares. The rating by the firm was issued on June 22, 2016. The company shares have dropped -40.73% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $21.15 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $12.23 and the 200 Day Moving Average price is recorded at $13.63.

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 Companys 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.