Worth Watching: Time to Buy America Movil SAB de CV (ADR) After Touching 1 Year Low?

Worth Watching: Time to Buy America Movil SAB de CV (ADR) After Touching 1 Year Low?

The stock of America Movil SAB de CV (ADR) (NYSE:AMX) hit a new 52-week low and has $10.46 target or 7.00% below today’s $11.25 share price. The 6 months bearish chart indicates high risk for the $34.50 billion company. The 1-year low was reported on Nov, 11 by Barchart.com. If the $10.46 price target is reached, the company will be worth $2.42B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 2.09% or $0.24 during the last trading session, hitting $11.25. About 10.35 million shares traded hands or 92.74% up from the average. America Movil SAB de CV (ADR) (NYSE:AMX) has declined 23.60% since April 11, 2016 and is downtrending. It has underperformed by 29.75% the S&P500.

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”, 2 “Sell”, while 5 “Hold”. This means 22% are positive. America Movil S.A.B. has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Underweight” rating given by JP Morgan on Thursday, April 28. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, January 26. The firm earned “Underperform” rating on Wednesday, October 21 by RBC Capital Markets. The firm earned “Neutral” rating on Thursday, December 17 by JP Morgan. Citigroup downgraded the shares of AMX in a report on Thursday, April 28 to “Sell” rating. Credit Suisse initiated the stock with “Neutral” rating in Monday, December 7 report. The stock of America Movil SAB de CV (ADR) (NYSE:AMX) has “Neutral” rating given on Friday, October 28 by Citigroup. On Tuesday, November 17 the stock rating was downgraded by Macquarie Research to “Neutral”. The stock of America Movil SAB de CV (ADR) (NYSE:AMX) has “Equalweight” rating given on Monday, July 18 by Barclays Capital. The company was upgraded on Friday, December 11 by Morgan Stanley.

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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