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Bank of America (Merrill Lynch) upgraded America Movil S.A.B. (NYSE:AMX) from Neutral to Buy in a report released today.

Bank of America (Merrill Lynch) has upgraded America Movil S.A.B. (NYSE:AMX) from Neutral to Buy in a report released on 11/22/2016.

Previously on 02/11/2016, Barclays Capital reported on America Movil S.A.B. (NYSE:AMX) reduced the target price from $19.00 to $13.00. At the time, this indicated a possible upside of 0.06%.

Just yesterday America Movil S.A.B. (NYSE:AMX) traded -0.17% lower at $11.57. America Movil S.A.B.’s 50-day moving average is $12.02 and its 200-day moving average is $12.04. The last closing price is down -2.68% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 871,755 shares of AMX traded hands, down from an average trading volume of 4,826,970

Recent Performance Chart

America Movil S.A.B. (NYSE:AMX)

America Movil S.A.B. has 52 week low of $11.02 and a 52 week high of $16.62 with a PE ratio of 26.64 and has a market capitalization of $0.

In addition to Bank of America (Merrill Lynch) reporting its stock price target, a total of 15 brokers have issued a research note on the company. The average stock price target is $15.21 with 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 11 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

Brief Synopsis On America Movil S.A.B. (NYSE:AMX)

America Movil, S.A.B. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services. Its segments are Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone, Andean Region, Central America, the Caribbean, the United States and Europe. The Southern Cone segment includes Argentina, Chile, Paraguay and Uruguay. The Andean Region segment includes Ecuador and Peru. The Central America segment includes Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama. The Caribbean segment includes the Dominican Republic and Puerto Rico. The Europe segment includes Austria, Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia. It operates in all of its geographic segments under the Claro brand, except in Mexico, the United States and Europe.

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