The stock of America Movil SAB de CV (ADR) (NYSE:AMX) is a huge mover today! About 1.22M shares traded hands. America Movil SAB de CV (ADR) (NYSE:AMX) has declined 15.63% since February 29, 2016 and is downtrending. It has underperformed by 27.85% the S&P500.
The move comes after 6 months positive chart setup for the $37.77 billion company. It was reported on Oct, 3 by Barchart.com. We have $16.60 PT which if reached, will make NYSE:AMX worth $16.62B more.
Analysts await America Movil SAB de CV (ADR) (NYSE:AMX) to report earnings on October, 18.
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. The rating was upgraded by JP Morgan on Thursday, December 17 to “Neutral”. As per Tuesday, January 26, the company rating was upgraded by Morgan Stanley. On Thursday, April 28 the stock rating was downgraded by JP Morgan to “Underweight”. The company was maintained on Monday, October 12 by Barclays Capital. The company was downgraded on Tuesday, November 17 by Macquarie Research. The stock of America Movil SAB de CV (ADR) (NYSE:AMX) earned “Equal-Weight” rating by Morgan Stanley on Friday, December 11. The stock has “Neutral” rating given by Credit Suisse on Monday, December 7. Citigroup downgraded it to “Sell” rating and $13.70 target price in Thursday, April 28 report. RBC Capital Markets maintained America Movil SAB de CV (ADR) (NYSE:AMX) rating on Wednesday, October 21. RBC Capital Markets has “Underperform” rating and $16.50 price target. The firm earned “Neutral” rating on Thursday, April 28 by Bank of America.
According to Zacks Investment Research, “American Movil is the leading provider of wireless communications services in Mexico. Through their subsidiary RadiomÃ³vil 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: Investorplace.com which released: “Trade of the Day: America Movil SAB de CV (ADR) (AMX) Should Get a Debate Bump” on September 27, 2016, also Marketwatch.com with their article: “America Movil SAB de CV ADR” published on October 16, 2009, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. More interesting news about America Movil SAB de CV (ADR) (NYSE:AMX) were released by: Nasdaq.com and their article: “America Movil SAB de CV – Adr (AMX): New Analyst Report from Zacks Equity …” published on January 15, 2014 as well as Businesswire.com‘s news article titled: “Citi Appointed Successor Depositary Bank for AmÃ©rica MÃ³vil SAB de CV’s ADR …” with publication date: September 13, 2016.
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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