Amer Movil (NYSE:AMX) Receives Average Recommendation of “Hold” from Analysts
Amer Movil (NYSE:AMX) has received a consensus recommendation of “Hold” from the twelve ratings firms that are covering the stock. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $14.53.
Several research analysts have commented on the stock. BTIG Research assumed coverage on shares of Amer Movil in a research report on Wednesday, June 22nd. They set a “neutral” rating for the company. Barclays PLC decreased their target price on shares of Amer Movil from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $12.00 target price on shares of Amer Movil in a research note on Wednesday, September 21st.
Amer Movil (NYSE:AMX) traded up 0.87% on Friday, hitting $11.60. The stock had a trading volume of 1,057,130 shares. The company’s 50 day moving average is $11.68 and its 200-day moving average is $12.78. The firm has a market capitalization of $38.03 billion, a price-to-earnings ratio of 30.53 and a beta of 0.99. Amer Movil has a 1-year low of $11.02 and a 1-year high of $18.17.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of 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 period. CAPROCK Group Inc. purchased a new position in shares of Amer Movil during the second quarter valued at about $141,000. Advisor Group Inc. purchased a new position in shares of Amer Movil during the second quarter valued at about $152,000. Johnson Investment Counsel Inc. boosted its position in shares of 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 period. Finally, Fox Run Management L.L.C. purchased a new position in shares of Amer Movil during the second quarter valued at about $185,000. 6.99% of the stock is owned by institutional investors and hedge funds.
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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