Bank of America Corp. upgraded shares of Amer Movil (NYSE:AMX) from a neutral rating to a buy rating in a research report sent to investors on Tuesday. They currently have $13.50 price objective on the stock, up from their prior price objective of $13.00.

Several other equities research analysts have also commented on the company. Zacks Investment Research upgraded Amer Movil from a sell rating to a hold rating in a research note on Tuesday, November 1st. Credit Suisse Group AG restated a neutral rating and issued a $12.00 price target (up from $10.50) on shares of Amer Movil in a research report on Friday, October 28th. Finally, Citigroup Inc. upgraded Amer Movil from a sell rating to a neutral rating and upped their price target for the company from $10.50 to $12.00 in a research report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Amer Movil currently has an average rating of Hold and a consensus target price of $13.08.

Analyst Recommendations for Amer Movil (NYSE:AMX)

Shares of Amer Movil (NYSE:AMX) opened at 11.63 on Tuesday. The company has a market capitalization of $38.09 billion, a price-to-earnings ratio of 26.43 and a beta of 0.76. The firm’s 50-day moving average price is $12.00 and its 200-day moving average price is $12.05. Amer Movil has a 12 month low of $11.02 and a 12 month high of $16.89.

The business also recently disclosed a dividend, which was paid on Monday, October 31st. Stockholders of record on Monday, October 31st were paid a $0.151 dividend. The ex-dividend date of this dividend was Thursday, October 27th. Amer Movil’s payout ratio is currently 55.77%.

Several hedge funds have recently made changes to their positions in the stock. Johnson Investment Counsel Inc. boosted its stake in shares of Amer Movil by 0.9% in the third quarter. Johnson Investment Counsel Inc. now owns 12,610 shares of the company’s stock valued at $144,000 after buying an additional 110 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Amer Movil by 0.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 81,469 shares of the company’s stock valued at $1,276,000 after buying an additional 362 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Amer Movil by 2.2% in the third quarter. LPL Financial LLC now owns 31,960 shares of the company’s stock valued at $367,000 after buying an additional 684 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Amer Movil by 3.2% in the second quarter. Private Advisor Group LLC now owns 22,874 shares of the company’s stock valued at $276,000 after buying an additional 700 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Amer Movil by 1.3% in the second quarter. Creative Planning now owns 54,727 shares of the company’s stock valued at $671,000 after buying an additional 716 shares during the last quarter. Institutional investors and hedge funds own 6.98% of the company’s stock.

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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.

5 Day Chart for NYSE:AMX

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