Price Target Update on America Movil S.A.B. de C.V. (NYSE:AMX)

America Movil S.A.B. de C.V. (NYSE:AMX) : Currently there are 8 street experts covering America Movil S.A.B. de C.V. (NYSE:AMX) stock. The most bullish and bearish price target for the stock is $19 and $13 respectively for the short term. The average price target of all the analysts comes to $15.35. The estimated standard deviation from the target is $2.01.

Other Equity analysts have also commented 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.

America Movil S.A.B. de C.V. (NYSE:AMX): stock turned positive on Thursday. Though the stock opened at $12.47, the bulls momentum made the stock top out at $12.53 level for the day. The stock recorded a low of $12.29 and closed the trading day at $12.41, in the green by 1.80%. The total traded volume for the day was 2,066,943. The stock had closed at $12.19 in the previous days trading.

The company shares have dropped -43.51% 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 $12.45 and the 200 Day Moving Average price is recorded at $13.81.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.