Economy

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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