Royal Bank Of Canada Reiterates Sell Rating for America Movil SAB de CV (NYSE:AMX)

America Movil SAB de CV (NYSE:AMX)‘s stock had its “sell” rating reaffirmed by analysts at Royal Bank Of Canada in a note issued to investors on Friday. They presently have a $14.00 price target on the Wireless communications provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 19.82% from the stock’s current price.

AMX has been the subject of several other reports. Zacks Investment Research raised America Movil SAB de CV from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Barclays PLC raised America Movil SAB de CV from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $14.00 to $17.00 in a research report on Monday, April 10th. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a $13.00 target price (up from $11.00) on shares of America Movil SAB de CV in a research report on Monday, June 5th. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of America Movil SAB de CV in a research report on Tuesday, July 11th. Finally, Deutsche Bank AG raised America Movil SAB de CV from a “sell” rating to a “hold” rating and set a $10.00 target price for the company in a research report on Monday, April 24th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $13.78.

America Movil SAB de CV (AMX) opened at 17.46 on Friday. The company has a market capitalization of $57.43 billion, a PE ratio of 25.68 and a beta of 0.53. The firm’s 50-day moving average is $16.26 and its 200-day moving average is $14.50. America Movil SAB de CV has a 52-week low of $11.02 and a 52-week high of $17.52.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in America Movil SAB de CV by 6,024.0% in the first quarter. BlackRock Inc. now owns 9,319,238 shares of the Wireless communications provider’s stock valued at $132,054,000 after buying an additional 9,167,062 shares during the last quarter. Wellington Management Group LLP increased its position in America Movil SAB de CV by 109.5% in the first quarter. Wellington Management Group LLP now owns 14,134,130 shares of the Wireless communications provider’s stock valued at $200,282,000 after buying an additional 7,387,101 shares during the last quarter. Lazard Asset Management LLC increased its position in America Movil SAB de CV by 7.2% in the first quarter. Lazard Asset Management LLC now owns 44,102,428 shares of the Wireless communications provider’s stock valued at $624,930,000 after buying an additional 2,956,339 shares during the last quarter. AQR Capital Management LLC increased its position in America Movil SAB de CV by 61.7% in the first quarter. AQR Capital Management LLC now owns 4,007,189 shares of the Wireless communications provider’s stock valued at $56,782,000 after buying an additional 1,528,441 shares during the last quarter. Finally, FIL Ltd purchased a new position in America Movil SAB de CV during the first quarter valued at $10,124,000. Institutional investors own 8.26% of the company’s stock.

About America Movil SAB de CV

America Movil, SAB. 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.