America Movil S.A.B. de C.V. (NYSE:AMX) has tumbled 1.32% during the past week and has dropped 4.86% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.14%. America Movil S.A.B. de C.V. (NYSE:AMX) has underperformed the index by 5.73% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
America Movil S.A.B. de C.V. (NYSE:AMX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.98 and $11.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.93, notching a gain of 0.51% for the day. The total traded volume was 4,778,454 . The stock had closed at $11.87 on the previous day.
The company shares have dropped -44.07% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $21.76 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $12.60 and the 200 Day Moving Average price is recorded at $13.91.
Many analysts have stated their opinion on the company shares. Morgan Stanley downgrades their rating on the shares of America Movil S.A.B. de C.V. (NYSE:AMX). The current rating of the shares is Equal-weight. Earlier, the shares were rated a Overweight by the brokerage firm. Equity Analysts at the Firm maintains the price target to $15 per share. The rating by the firm was issued on April 29, 2016. Currently the company Insiders own 1% of America Movil S.A.B. de C.V. shares according to the proxy statements. Institutional Investors own 5.54% of America Movil S.A.B. de C.V. shares.
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 Companys 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.