America Movil S.A.B. de C.V. (AMX) Shares are Up 0.58%

America Movil S.A.B. de C.V. (AMX) has been under a strong bear grip, hence the stock is down -4.03% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.61% in the past 1 week. The stock has risen by 0.58% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.66% in the past 4 weeks.

America Movil S.A.B. de C.V. has dropped 2.28% during the last 3-month period . Year-to-Date the stock performance stands at -12.84%. The stock has recorded a 20-day Moving Average of 1.3% and the 50-Day Moving Average is 0.76%.


America Movil S.A.B. de C.V. (NYSE:AMX): The stock opened at $12.07 on Friday but the bulls could not build on the opening and the stock topped out at $12.19 for the day. The stock traded down to $12.04 during the day, due to lack of any buying support eventually closed down at $12.11 with a loss of -0.66% for the day. The stock had closed at $12.19 on the previous day. The total traded volume was 5,150,997 shares.

Also, Brokerage firm Barclays maintains its rating on America Movil S.A.B. de C.V. (NYSE:AMX). As per the latest information, the brokerage house lowers the price target to $13 per share from a prior target of $14. The shares have been rated Equalweight. The rating by the firm was issued on July 18, 2016.

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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