Economy

BidaskClub Downgrades America Movil SAB de CV (AMOV) to Buy

BidaskClub Downgrades America Movil SAB de CV (AMOV) to Buy”

The firm bought 25,792 shares of the company's stock, valued at approximately $405,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AMX.

While looking at the Stock's Performance, America Movil S.A.B.de C.V. now shows a Weekly Performance of -0.48%, where Monthly Performance is -1.76%, Quarterly performance is 17.87%, 6 Months performance is 30.71% and yearly performance percentage is 65.95%. Gotham Asset Management LLC now owns 34,908 shares of the Wireless communications provider's stock worth $556,000 after purchasing an additional 22,432 shares during the period.

News articles about America Movil SAB de CV (NASDAQ:AMOV) have trended positive this week, Accern Sentiment reports. The dividend payment was $0.083 per share for the quarter which comes to $0.33 on an annualized basis. BNP Paribas Arbitrage SA now owns 510,912 shares of the Wireless communications provider's stock worth $7,240,000 after purchasing an additional 159,886 shares during the period. For the next 5 years, America Movil S.A.B.de C.V.is expecting Growth of 55.9% per annum, whereas in the past 5 years the growth was -20.93% per annum. However, a major setback is the recent antitrust rules stepped up against the company by the Federal Telecommunications Institute (IFT).

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Several institutional investors have recently modified their holdings of AMX. Credit Suisse Group AG set a $13.00 price objective on America Movil SAB de CV and gave the stock a "hold" rating in a report on Saturday, February 4th.

Separately, BidaskClub raised shares of America Movil SAB de CV from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 18th. The company had a fall in short interest of -21.81% as of August 31, 2017 from the last reporting period. J P Morgan Chase & Co restated an "underweight" rating and issued a $13.00 price target (up previously from $11.00) on shares of America Movil, S.A.B.de C.V.in a research report on Monday, June 5th.

According to the the latest analyst ratings which have been released, 1 brokers have issued a rating of "buy", 3 brokers "outperform", 8 brokers "hold", 2 brokers "underperform" and 0 brokers "sell". The company presently has a consensus rating of "Hold" and a consensus price target of $15.21. The Mexico Fixed segment includes the operations of its subsidiary, Telefonos de Mexico, S.A.B.de C.V. (Telmex). The stock increased 0.16% or $0.03 during the last trading session, reaching $18.52. 4,621 shares of the stock traded hands.

It is now trading at $18.49 which is slightly above the 50 day moving average which is $18.37 and which is well above the 200 day moving average of $16.07. The stock has a market cap of $59.93 billion and a PE ratio of 23.3719.

04/29/2016 - America Movil, S.A.B.de C.V. had its "equal-weight" rating reiterated by analysts at Morgan Stanley. The Business's Mexico Wireless segment includes the operations of its subsidiary, Radiomovil Dipsa, S.A.de C.V. (Telcel). The Company's products include the Insignia Point-of-Purchase Services (POPS) in-store marketing program, thermal sign card supplies for the Company's Impulse Retail System, laser printable cardstock and label supplies, and The Like Machine.



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