Notable Reporting: What’s Ahead for America Movil SAB de CV (ADR) After Today’s Significant Increase?

Notable Reporting: What's Ahead for America Movil SAB de CV (ADR) After Today's Significant Increase?

The stock of America Movil SAB de CV (ADR) (NYSE:AMX) is a huge mover today! The stock increased 11.18% or $1.31 during the last trading session, hitting $13.03. About 18.41M shares traded hands or 461.28% up from the average. America Movil SAB de CV (ADR) (NYSE:AMX) has declined 24.39% since March 28, 2016 and is downtrending. It has underperformed by 29.10% the S&P500.
The move comes after 8 months positive chart setup for the $42.68B company. It was reported on Oct, 28 by Barchart.com. We have $18.76 PT which if reached, will make NYSE:AMX worth $18.78B more.

America Movil SAB de CV (ADR) (NYSE:AMX) Ratings Coverage

Out of 9 analysts covering America Movil S.A.B. (NYSE:AMX), 2 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 22% are positive. America Movil S.A.B. has been the topic of 16 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, October 12 report. Bank of America downgraded America Movil SAB de CV (ADR) (NYSE:AMX) on Thursday, April 28 to “Neutral” rating. The stock has “Equal-Weight” rating given by Morgan Stanley on Friday, December 11. The stock of America Movil SAB de CV (ADR) (NYSE:AMX) has “Neutral” rating given on Thursday, December 17 by JP Morgan. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, January 26. The rating was downgraded by Citigroup to “Sell” on Thursday, April 28. The stock of America Movil SAB de CV (ADR) (NYSE:AMX) has “Neutral” rating given on Monday, December 7 by Credit Suisse. The stock has “Equalweight” rating given by Barclays Capital on Monday, July 18. JP Morgan downgraded the stock to “Underweight” rating in Thursday, April 28 report. Macquarie Research downgraded America Movil SAB de CV (ADR) (NYSE:AMX) on Tuesday, November 17 to “Neutral” rating.

According to Zacks Investment Research, “American Movil is the leading provider of wireless communications services in Mexico. Through their subsidiary Radiomóvil Dipsa, which operates under the trademark Telcel, they provide cellular telecommunications service in all nine regions in Mexico, with a network covering approximately 31.4% of the geographical area of Mexico, including all major cities, and approximately 89.6% of Mexico ‘s population.”

More notable recent America Movil SAB de CV (ADR) (NYSE:AMX) news were published by: Fool.com which released: “Why America Movil SAB de CV (ADR) Stock Jumped” on October 28, 2016, also Marketwatch.com with their article: “America Movil started at neutral at BTIG” published on October 16, 2009, Investorplace.com published: “Trade of the Day: America Movil SAB de CV (ADR) (AMX) Should Get a Debate Bump” on September 27, 2016. More interesting news about America Movil SAB de CV (ADR) (NYSE:AMX) were released by: Businesswire.com and their article: “Citi Appointed Successor Depositary Bank for América Móvil SAB de CV’s ADR …” published on September 13, 2016 as well as Nasdaq.com‘s news article titled: “America Movil SAB de CV – Adr (AMX): New Analyst Report from Zacks Equity …” with publication date: January 15, 2014.

AMX Company Profile

America Movil, S.A.B. de C.V. (America Movil), incorporated on October 13, 2000, is a holding company. The Firm provides telecommunications services in approximately 30 countries. The Company’s telecommunications 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 Company’s divisions include Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone, Andean Region, Central America, the Caribbean, the United States and Europe. The Company’s Mexico Wireless segment includes the activities of its subsidiary, Radiomovil Dipsa, S.A. de C.V. (Telcel). The Mexico Fixed segment includes the activities of its subsidiary, Telefonos de Mexico, S.A.B. de C.V. (Telmex). The Brazil segment consist of activities of its subsidiaries, including Claro S.A. (Claro Brasil), Americel S.A. (Americel), Embratel Tvsat Telecomunicacoes S.A. (Claro TV) and Star One S.A. (Star One). The Colombia segment includes activities of the Company’s subsidiaries, Comunicacion Celular S.A. (Comcel) and Telmex Colombia S.A. (Telmex Colombia). The Southern Cone segment includes Argentina, Chile, Paraguay and Uruguay. The Southern Cone segment consists of activities of its subsidiaries, including AMX Argentina S.A. (AMX Argentina), Telmex Argentina S.A. (Telmex Argentina), Claro Chile S.A. (Claro Chile), Claro Comunicaciones S.A. (Claro Comunicaciones), Claro Servicios Empresariales S.A. (Claro Servicios Empresariales), AMX Paraguay S.A. AMX Paraguay), AM Wireless Uruguay S.A. (AM Wireless Uruguay), Telstar S.A. and Flimay (Flimay). The Andean Region segment includes Ecuador and Peru.

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