Short Term Price Target on America Movil S.A.B. de C.V. (AMX)

America Movil S.A.B. de C.V. (NYSE:AMX) : The consensus price target for America Movil S.A.B. de C.V. (NYSE:AMX) is $15.35 for the short term with a standard deviation of $2.01. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $19, however, the pessimist price target for the company is $13.

America Movil S.A.B. de C.V. has dropped 1.21% in the last five trading days, however, the shares have posted positive gains of 0.49% in the last 4 weeks. America Movil S.A.B. de C.V. has dropped 21.86% during the last 3-month period . Year-to-Date the stock performance stands at -12.8%. Also, BTIG Research initiates coverage on America Movil S.A.B. de C.V. (NYSE:AMX) The shares have been rated Neutral. The rating by the firm was issued on June 22, 2016.

America Movil S.A.B. de C.V. (NYSE:AMX) : 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on America Movil S.A.B. de C.V. (NYSE:AMX). Zacks Investment Research suggests a Strong Sell with a rank of 5. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 3.4.

America Movil S.A.B. de C.V. (NYSE:AMX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.31 and $12.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.26, notching a gain of 0.08% for the day. The total traded volume was 5,744,184 . The stock had closed at $12.25 on the previous day.

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.

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