Brokerage Firm Rating Update on America Movil S.A.B. de C.V. (AMX)

America Movil S.A.B. de C.V. (AMX) : 9 analysts are covering America Movil S.A.B. de C.V. (AMX) and their average rating on the stock is 3.22, which is read as a Hold. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

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 for the short term with a standard deviation of $2.31. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $19, however, the pessimist price target for the company is $13.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Barclays maintains its ratings on America Movil S.A.B. de C.V. (NYSE:AMX). In the latest research report, Barclays lowers the target price from $14 per share to $13 per share. According to the latest information available, the shares are now rated Equalweight by the analysts at the agency. The rating by the firm was issued on July 18, 2016.

America Movil S.A.B. de C.V. (NYSE:AMX): stock was range-bound between the intraday low of $11.75 and the intraday high of $11.965 after having opened at $11.92 on Wednesdays session. The stock finally closed in the red at $11.92, a loss of -0.84%. The stock remained in the red for the whole trading day. The total traded volume was 2,832,699 shares. The stock failed to cross $11.965 in Wednesdays trading. The stocks closing price on Thursday was $11.93.

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.

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