Does America Movil (NYSE:AMX) Look Attractive Now? UBS Initiates Coverage

Why Has UBS Given America Movil (NYSE:AMX) a $17.0000 Price Target

In an analyst report sent to investors and clients on 28 November, equity research analysts at UBS has begun coverage for America Movil (NYSE:AMX) shares. The firm has decided to set a “Buy” rating along with a $17.0000, adding 26.39 % to the target.

América Móvil, S.A.B. de C.V. (NYSE:AMX) Ratings Coverage

Among 4 analysts covering America Movil (NYSE:AMX), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. America Movil has $21 highest and $1700 lowest target. $18.67’s average target is 38.81% above currents $13.45 stock price. America Movil had 4 analyst reports since June 25, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, November 26 by Bradesco. The firm has “Buy” rating given on Wednesday, November 28 by UBS. The company was maintained on Tuesday, August 7 by Bank of America.

The stock decreased 1.90% or $0.26 during the last trading session, reaching $13.45. About 4.63 million shares traded or 34.97% up from the average. América Móvil, S.A.B. de C.V. (NYSE:AMX) has declined 9.21% since December 2, 2017 and is downtrending. It has underperformed by 24.83% the S&P500.

América Móvil, S.A.B. de C.V. provides telecommunications services in Mexico and internationally. The company has market cap of $44.05 billion. The firm offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It has a 33.62 P/E ratio. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.

More recent América Móvil, S.A.B. de C.V. (NYSE:AMX) news were published by: Seekingalpha.com which released: “America Movil SA de CV (AMX) CEO Daniel Aboumrad on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on October 17, 2018. Also Investorplace.com published the news titled: “5 Mexican Stocks That Should Benefit From the Recent Trade Agreement – Investorplace.com” on August 30, 2018. Nasdaq.com‘s news article titled: “Report: Developing Opportunities within California Resources, America Movil, SAB de CV, Och-Ziff Capital Management Group, Taseko Mines, Entercom Communications, and Eagle Bulk Shipping — Future Expectations, Projections Moving into 2018 – Nasdaq” with publication date: November 09, 2018 was also an interesting one.

América Móvil, S.A.B. de C.V. (NYSE:AMX) Ratings Chart

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