America Movil SAB de CV ADR Series L (AMX) Stock Price Down 7.2%

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.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group boosted its holdings in shares of America Movil SAB de CV ADR Series L by 103.8% in the 3rd quarter. Schroder Investment Management Group now owns 20,062,029 shares of the Wireless communications provider’s stock valued at $322,196,000 after acquiring an additional 10,218,271 shares during the last quarter. BlackRock Inc. raised its position in America Movil SAB de CV ADR Series L by 22.1% during the fourth quarter. BlackRock Inc. now owns 14,347,082 shares of the Wireless communications provider’s stock worth $204,447,000 after acquiring an additional 2,594,426 shares during the period. Capital Guardian Trust Co. raised its position in America Movil SAB de CV ADR Series L by 1.7% during the third quarter. Capital Guardian Trust Co. now owns 4,568,715 shares of the Wireless communications provider’s stock worth $73,374,000 after acquiring an additional 77,792 shares during the period. Axiom International Investors LLC DE raised its position in shares of America Movil SAB de CV ADR Series L by 18.3% in the third quarter. Axiom International Investors LLC DE now owns 4,436,158 shares of the Wireless communications provider’s stock valued at $71,245,000 after buying an additional 684,658 shares during the last quarter. Finally, Bamco Inc. NY raised its position in shares of America Movil SAB de CV ADR Series L by 5.3% in the third quarter. Bamco Inc. NY now owns 4,357,393 shares of the Wireless communications provider’s stock valued at $69,980,000 after buying an additional 218,200 shares during the last quarter. Hedge funds and other institutional investors own 7.47% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.com-unik.info/2019/02/13/america-movil-sab-de-cv-adr-series-l-amx-stock-price-down-7-2.html.

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.

Featured Article: QQQ ETF

Receive News & Ratings for America Movil SAB de CV ADR Series L Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America Movil SAB de CV ADR Series L and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit