Why Has Credit Suisse Given America Movil S.A.B (NYSE:AMX) a $19.00 Price Target
Professional analysts at Credit Suisse has given issued a key “Neutral” rating for America Movil S.A.B (NYSE:AMX). The firm initiated coverage in a very recent research note released on Monday, 7 December. The PT could mean upside of 20.71% from the stock price.
From a total of 14 analysts covering America Movil S.A.B. (NYSE:AMX) stock, 5 rate it a ”Buy”, 6 a “Sell”, and 5 a ”Hold”. This means that 31% of the ratings are positive. The highest target price is $26.5 while the lowest target price is $14.5. The mean of all analyst targets is $19.63 with a 19.25% above today’s ($15.74) stock price. America Movil S.A.B. was the topic of 7 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Macquarie Research downgraded shares on November 17 to “Neutral” rating.
The stock decreased 0.94% or $0.15 on December 4, striking $15.74. Approximately shares of stock traded hands. America Movil SAB de CV (ADR) (NYSE:AMX) has declined 24.73% since May 4, 2015 and is downtrending. It has underperformed by 23.65% the S&P500.
America Movil, S.A.B. de C.V. is a holding company. The company has a market cap of $52.65 billion. The Firm provides telecommunications services in 25 countries. It has 39.06 P/E ratio. It provides wireless, fixed-line, broadband and pay television services.
According to Zacks Investment Research, “American Movil is the leading provider of wireless communications services in Mexico. Through their subsidiary Radiomovil Dipsa, which operates under the trademark Telcel, they provide cellular telecommunications service in all nine regions in Mexico, with a network covering approximately 31.4% of the geographical area of Mexico, including all major cities, and approximately 89.6% of Mexico ‘s population.” Get a free copy of the Zacks research report on America Movil SAB de CV (ADR) (AMX).