Credit Suisse Group AG Reaffirms Hold Rating for Amer Movil (AMX)
Amer Movil (NYSE:AMX)‘s stock had its “hold” rating restated by equities research analysts at Credit Suisse Group AG in a report released on Wednesday. They currently have a $12.00 price target on the stock. Credit Suisse Group AG’s target price indicates a potential upside of 7.82% from the stock’s previous close.
A number of other brokerages have also issued reports on AMX. Barclays PLC dropped their price target 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. BTIG Research started coverage on shares of Amer Movil in a research note on Wednesday, June 22nd. They set a “neutral” rating for the company. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.51.
Amer Movil (NYSE:AMX) traded up 0.81% during mid-day trading on Wednesday, hitting $11.22. 1,376,314 shares of the stock traded hands. The stock has a 50-day moving average of $11.81 and a 200 day moving average of $13.04. The firm has a market cap of $36.85 billion, a price-to-earnings ratio of 28.05 and a beta of 1.04. Amer Movil has a 1-year low of $11.02 and a 1-year high of $18.20.
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Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in Amer Movil by 3.9% in the first quarter. IFP Advisors Inc now owns 7,999 shares of the company’s stock valued at $124,000 after buying an additional 303 shares during the last quarter. CAPROCK Group Inc. bought a new stake in Amer Movil during the second quarter valued at $141,000. Advisor Group Inc. bought a new stake in Amer Movil during the second quarter valued at $152,000. Johnson Investment Counsel Inc. increased its stake in Amer Movil by 1.3% in the second quarter. Johnson Investment Counsel Inc. now owns 12,500 shares of the company’s stock valued at $153,000 after buying an additional 160 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Amer Movil during the second quarter valued at $185,000. Institutional investors and hedge funds own 6.99% of the company’s stock.
Amer Movil Company Profile
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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