Shares of America Movil SAB de CV ADR Series L (NYSE:AMX) were down 7.2% during mid-day trading on Wednesday . The stock traded as low as $14.60 and last traded at $14.62. Approximately 6,341,096 shares changed hands during trading, an increase of 161% from the average daily volume of 2,430,943 shares. The stock had previously closed at $15.76.
Several brokerages have recently commented on AMX. TheStreet raised shares of America Movil SAB de CV ADR Series L from a “c” rating to a “b-” rating in a research note on Monday, October 22nd. UBS Group raised shares of America Movil SAB de CV ADR Series L from a “market perform” rating to an “outperform” rating in a research note on Friday, November 9th. Bradesco Corretora raised shares of America Movil SAB de CV ADR Series L to a “neutral” rating in a research note on Monday, November 26th. ValuEngine cut shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a report on Monday, November 26th. Finally, Scotiabank set a $19.00 price target on shares of America Movil SAB de CV ADR Series L and gave the company a “buy” rating in a report on Wednesday, November 28th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.57.
The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.68 and a current ratio of 0.78. The stock has a market cap of $52.56 billion, a PE ratio of 21.50, a PEG ratio of 0.75 and a beta of 0.38.
About America Movil SAB de CV ADR Series L (NYSE:AMX)
América Móvil, SAB. de C.V. provides telecommunications services in Latin America, the United States, the Caribbean, and Europe. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.
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