America Movil SAB de CV (AMX) Upgraded by JPMorgan Chase & Co. to “Neutral”

America Movil SAB de CV (NYSE:AMX) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report issued on Thursday, The Fly reports.

Several other brokerages have also recently commented on AMX. Santander raised America Movil SAB de CV from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Credit Suisse Group raised America Movil SAB de CV from a “neutral” rating to an “outperform” rating in a research report on Friday, October 20th. Scotiabank set a $20.00 target price on America Movil SAB de CV and gave the stock a “buy” rating in a research report on Wednesday. ValuEngine cut America Movil SAB de CV from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, TheStreet cut America Movil SAB de CV from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.38.

America Movil SAB de CV (AMX) opened at $18.69 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $58,937.68, a price-to-earnings ratio of 36.65, a P/E/G ratio of 0.29 and a beta of 0.53. America Movil SAB de CV has a 1-year low of $12.40 and a 1-year high of $19.50.

Several institutional investors have recently modified their holdings of AMX. Icon Wealth Partners LLC acquired a new stake in America Movil SAB de CV during the fourth quarter valued at $105,000. Brown Brothers Harriman & Co. acquired a new stake in America Movil SAB de CV during the third quarter valued at $114,000. Quantbot Technologies LP acquired a new stake in America Movil SAB de CV during the third quarter valued at $120,000. IFP Advisors Inc boosted its position in America Movil SAB de CV by 3.9% during the first quarter. IFP Advisors Inc now owns 7,999 shares of the Wireless communications provider’s stock valued at $124,000 after purchasing an additional 303 shares during the last quarter. Finally, James Hambro & Partners acquired a new stake in America Movil SAB de CV during the fourth quarter valued at $128,000. 7.47% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “America Movil SAB de CV (AMX) Upgraded by JPMorgan Chase & Co. to “Neutral”” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/15/america-movil-sab-de-cv-amx-upgraded-by-jpmorgan-chase-co-to-neutral.html.

About America Movil SAB de CV

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.

The Fly

Analyst Recommendations for America Movil SAB de CV (NYSE:AMX)

Receive News & Ratings for America Movil SAB de CV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America Movil SAB de CV and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply