America Movil, S.A.B. de C.V. (NYSE: AMX) recently received a number of ratings updates from brokerages and research firms:

  • 8/23/2017 – America Movil, S.A.B. de C.V. was downgraded by analysts at UBS AG from a “market perform” rating to an “underperform” rating.
  • 8/21/2017 – America Movil, S.A.B. de C.V. had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $20.00 price target on the stock, up previously from $18.00.
  • 8/14/2017 – America Movil, S.A.B. de C.V. was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. They now have a $21.00 price target on the stock. According to Zacks, “In the past three months, America Movil's stock price outperformed the industry's. The company’s participation in spectrum auctions to deploy 4G LTE services is a strategic business move. The decision to reduce its fixed-line-to-mobile call rates in a phased manner reflects its compliance with the norms. The company’s iPhone offer and launch of a Mexican language TV channel in the U.S. has allowed it to compete effectively. However the company, follows aggressive promotional strategy to increase its penetration in the smartphone market. Its focus on shifting from Mexico to Brazil in the wake of declining quarterly revenues is viable. Liquidity pressure and competitive Brazilian wireless market are other risks. Accumulating debt and decreasing cash flows may pose problems for the company’s credit ratings going ahead.”
  • 8/10/2017 – America Movil, S.A.B. de C.V. was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $21.00 price target on the stock, up previously from $16.00.
  • 7/21/2017 – America Movil, S.A.B. de C.V. had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $18.00 price target on the stock, up previously from $17.00.
  • 7/21/2017 – America Movil, S.A.B. de C.V. was given a new $14.00 price target on by analysts at Royal Bank Of Canada. They now have a “sell” rating on the stock.
  • 7/18/2017 – America Movil, S.A.B. de C.V. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “America Movil follows aggressive promotional strategy to increase its penetration in the smartphone market. America Movil’s focus on shifting from Mexico to Brazil in the wake of declining quarterly revenues is viable. Liquidity pressure and competitive Brazilian wireless market are other risks. Americal Movil's accumulating debt and decreasing cash flows may pose problems for its credit ratings going ahead. Over the past three months, the stock price grew 17.18% beating the Zacks classified Wireless Non-US industry’s 3.82% gain. The company’s participation in spectrum auctions to deploy 4G LTE services is a strategic business move. The company’s decision to reduce its fixed-line-to-mobile call rates in a phased manner reflects its compliance with the norms. The company’s iPhone offer and launch of a Mexican language TV channel in the U.S. has allowed it to compete effectively.”
  • 7/11/2017 – America Movil, S.A.B. de C.V. had its “neutral” rating reaffirmed by analysts at Credit Suisse Group.

Shares of America Movil, S.A.B. de C.V. (NYSE:AMX) opened at 18.73 on Thursday. America Movil, S.A.B. de C.V. has a 1-year low of $11.02 and a 1-year high of $19.05. The company has a market cap of $61.58 billion, a price-to-earnings ratio of 24.01 and a beta of 0.54. The firm has a 50-day moving average price of $17.62 and a 200 day moving average price of $15.42.

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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