Notable Price Action: What Will Happen to America Movil SAB de CV (ADR) Next? The Stock Just Increased A Lot

Notable Price Action: What Will Happen to America Movil SAB de CV (ADR) Next? The Stock Just Increased A Lot

The stock of America Movil SAB de CV (ADR) (NYSE:AMX) is a huge mover today! About 2.90 million shares traded hands. America Movil SAB de CV (ADR) (NYSE:AMX) has declined 28.03% since April 13, 2016 and is downtrending. It has underperformed by 31.95% the S&P500.
The move comes after 8 months positive chart setup for the $38.26B company. It was reported on Nov, 15 by Barchart.com. We have $16.46 PT which if reached, will make NYSE:AMX worth $15.30B 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”, 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 firm has “Sell” rating by Citigroup given on Thursday, April 28. As per Monday, October 12, the company rating was maintained by Barclays Capital. The rating was initiated by Credit Suisse with “Neutral” on Monday, December 7. Barclays Capital maintained the stock with “Equalweight” rating in Monday, July 18 report. The company was upgraded on Friday, December 11 by Morgan Stanley. The stock of America Movil SAB de CV (ADR) (NYSE:AMX) earned “Neutral” rating by Citigroup on Friday, October 28. The firm has “Neutral” rating given on Thursday, April 28 by Bank of America. The stock has “Underweight” rating given by JP Morgan on Thursday, April 28. The stock has “Neutral” rating given by JP Morgan on Thursday, December 17. On Wednesday, October 21 the stock rating was maintained by RBC Capital Markets with “Underperform”.

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 important 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 published article titled: “America Movil SAB de CV ADR”, 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) was released by: Businesswire.com and their article: “Citi Appointed Successor Depositary Bank for América Móvil 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment