Shares of Amer Movil (NYSE:AMX) have received a consensus rating of “Hold” from the twelve analysts that are covering the company. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.53.
Several research firms have recently weighed in on AMX. Credit Suisse Group AG reissued a “hold” rating and issued a $12.00 price objective on shares of Amer Movil in a research report on Wednesday, September 21st. Barclays PLC lowered their price objective on Amer Movil from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Finally, BTIG Research began coverage on Amer Movil in a research report on Wednesday, June 22nd. They issued a “neutral” rating for the company.
Amer Movil (NYSE:AMX) opened at 11.70 on Friday. The company has a market cap of $38.35 billion, a PE ratio of 29.25 and a beta of 0.99. The stock has a 50 day moving average price of $11.66 and a 200 day moving average price of $12.76. Amer Movil has a one year low of $11.02 and a one year high of $18.02.
A number of hedge funds have recently modified their holdings of the stock. Genesis Asset Managers LLP increased its position in Amer Movil by 6.3% in the third quarter. Genesis Asset Managers LLP now owns 11,077,527 shares of the company’s stock worth $127,059,000 after buying an additional 656,241 shares during the period. BNP Paribas Arbitrage SA increased its position in Amer Movil by 3.4% in the third quarter. BNP Paribas Arbitrage SA now owns 302,970 shares of the company’s stock worth $3,466,000 after buying an additional 9,916 shares during the period. CAPROCK Group Inc. bought a new position in Amer Movil during the second quarter worth about $141,000. Itau Unibanco Holding S.A. bought a new position in Amer Movil during the second quarter worth about $6,027,000. Finally, Capital International Ltd. CA increased its position in Amer Movil by 8.9% in the second quarter. Capital International Ltd. CA now owns 316,800 shares of the company’s stock worth $3,884,000 after buying an additional 25,800 shares during the period. 6.99% of the stock is owned by institutional investors and hedge funds.
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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