Amer Movil (NYSE:AMX) Receives Average Recommendation of “Hold” from Analysts
Amer Movil (NYSE:AMX) has earned an average rating of “Hold” from the twelve brokerages that are covering the stock. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $14.53.
Several research firms have weighed in on AMX. BTIG Research began coverage on Amer Movil in a report on Wednesday, June 22nd. They issued a “neutral” rating on the stock. Barclays PLC lowered their target price on Amer Movil from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $12.00 target price on shares of Amer Movil in a report on Wednesday, September 21st.
Several large investors have recently added to or reduced their stakes in AMX. USS Investment Management Ltd raised its stake in Amer Movil by 1,411.6% in the first quarter. USS Investment Management Ltd now owns 24,759,680 shares of the company’s stock valued at $19,308,000 after buying an additional 23,121,696 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in Amer Movil during the first quarter valued at $432,000. Fox Run Management L.L.C. bought a new stake in Amer Movil during the second quarter valued at $185,000. Aperio Group LLC raised its stake in Amer Movil by 140.4% in the first quarter. Aperio Group LLC now owns 274,348 shares of the company’s stock valued at $4,261,000 after buying an additional 160,228 shares in the last quarter. Finally, TIAA CREF Trust Co. FSB MO raised its stake in Amer Movil by 18.7% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 29,118 shares of the company’s stock valued at $357,000 after buying an additional 4,579 shares in the last quarter. Institutional investors own 6.99% of the company’s stock.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/07/amer-movil-nyseamx-receives-average-recommendation-of-hold-from-analysts.html
Shares of Amer Movil (NYSE:AMX) traded up 0.87% during mid-day trading on Friday, reaching $11.60. 1,057,130 shares of the company traded hands. Amer Movil has a 52-week low of $11.02 and a 52-week high of $18.17. The company’s 50 day moving average is $11.68 and its 200 day moving average is $12.78. The stock has a market capitalization of $38.03 billion, a price-to-earnings ratio of 30.53 and a beta of 0.99.
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.
Receive News & Ratings for Amer Movil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amer Movil and related companies with MarketBeat.com's FREE daily email newsletter.