Revenue Update on America Movil SAB de CV (ADR)(NYSE:AMX)

America Movil SAB de CV (ADR)(NYSE:AMX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $12.60B. Analysts estimated a revenue of $12.64B. Earnings per share were $0.13. Analysts had estimated an EPS of $0.24.

In a different note, On Jul 18, 2016, Barclays said it Maintains its rating on America Movil SAB de CV (ADR). In the research note, the firm Lowers the price-target to $14.00 per share. The shares have been rated ‘Equalweight’ by the firm. BTIG Research said it Initiates Coverage on America Movil SAB de CV (ADR), according to a research note issued on Jun 22, 2016. The shares have been rated ‘Neutral’ by the firm.

America Movil SAB de CV (ADR) (AMX) shares turned negative on Thursdays trading session with the shares closing down -0.1 points or -0.87% at a volume of 20,65,849. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.56. The peak price level was also seen at $11.56 while the days lowest was $11.3. Finally the shares closed at $11.39. The 52-week high of the shares is $19.715 while the 52-week low is $11.02. According to the latest information available, the market cap of the company is $37,586 M.

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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