America Movil SAB de CV (ADR) (AMX) is Downgraded by JP Morgan to Underweight

America Movil SAB de CV (ADR) (AMX) was Downgraded by JP Morgan to ” Underweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Apr 28, 2016.

America Movil SAB de CV (ADR) opened for trading at $15.66 and hit $15.93 on the upside on Wednesday, eventually ending the session at $15.69, with a gain of 0.19% or 0.03 points. The heightened volatility saw the trading volume jump to 36,20,961 shares. Company has a market cap of $51,942 M.

America Movil S.A.B. de C.V. (America Movil) is a holding company. The Company provides telecommunications services in 25 countries. It provides wireless fixed-line broadband and pay television services. The Company’s segments include Mexico Wireless Mexico Fixed-Line Brazil Colombia Southern Cone Andean Region Central America United States Caribbean and Europe. Southern Cone includes Argentina Chile Paraguay and Uruguay. Andean Region includes Ecuador and Peru. Central America includes Costa Rica El Salvador Guatemala Honduras Nicaragua and Panama. Caribbean includes the Dominican Republic and Puerto Rico. Europe includes Austria Belarus Bulgaria Croatia Macedonia Serbia and Slovenia. The Company offers data services including short message services (SMS) multimedia messaging service (MMS) mobile entertainment services data-transmission Internet browsing and e-mail services.

America Movil SAB de CV (ADR)

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