Are America Movil SA (NYSE:AMX) Shares Headed North? Morgan Stanley Issues Upgrade.

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America Movil SA (NYSE:AMX) Stock Upgrade

In an interesting research report revealed to clients and investors on Friday morning, Morgan Stanley announced that they have decided to upgrade shares of America Movil SA (NYSE:AMX) stock from a “Underweight” to a “Equal-Weight”.

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 $19.53 with a 31.54% above today’s ($14.3) stock price. America Movil S.A.B. was the topic of 8 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Credit Suisse initiated shares on December 7 with “Neutral” rating. RBC Capital Markets maintained AMX stock in a recent report from October 21 with “Underperform” rating.

Approximately 2.01M shares of stock traded hands. America Movil SAB de CV (ADR) (NYSE:AMX) has declined 29.00% since May 8, 2015 and is downtrending. It has underperformed by 25.98% the S&P500.

America Movil, S.A.B. de C.V. is a holding company. The company has a market cap of $48.56 billion. The Firm provides telecommunications services in 25 countries. It has 36.64 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).

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