Amer Movil (AMX) Stock Rating Reaffirmed by Credit Suisse Group AG
Amer Movil (NYSE:AMX)‘s stock had its “hold” rating reissued by investment analysts at Credit Suisse Group AG in a note issued to investors on Wednesday. They presently have a $12.00 target price on the stock. Credit Suisse Group AG’s target price would indicate a potential upside of 7.82% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. BTIG Research initiated coverage on shares of Amer Movil in a research note on Wednesday, June 22nd. They set a “neutral” rating for the company. Barclays PLC reduced their price objective on shares of Amer Movil from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.51.
Shares of Amer Movil (NYSE:AMX) traded up 0.81% during mid-day trading on Wednesday, reaching $11.22. The company had a trading volume of 1,217,182 shares. The company’s 50-day moving average is $11.81 and its 200 day moving average is $13.04. Amer Movil has a 52-week low of $11.02 and a 52-week high of $18.20. The stock has a market capitalization of $36.85 billion, a P/E ratio of 28.05 and a beta of 1.04.
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Large investors have recently modified their holdings of the company. CAPROCK Group Inc. acquired a new position in shares of Amer Movil during the second quarter valued at approximately $141,000. Itau Unibanco Holding S.A. acquired a new position in shares of Amer Movil during the second quarter valued at approximately $6,027,000. Capital International Ltd. CA boosted its position in shares of Amer Movil by 8.9% in the second quarter. Capital International Ltd. CA now owns 316,800 shares of the company’s stock valued at $3,884,000 after buying an additional 25,800 shares during the last quarter. Capital Guardian Trust Co. boosted its position in shares of Amer Movil by 8.8% in the second quarter. Capital Guardian Trust Co. now owns 3,171,500 shares of the company’s stock valued at $38,883,000 after buying an additional 256,100 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Amer Movil by 17.6% in the second quarter. Capital International Investors now owns 23,807,172 shares of the company’s stock valued at $291,876,000 after buying an additional 3,570,893 shares during the last quarter. 6.99% of the stock is owned by institutional investors.
About Amer Movil
America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.
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