Does a Morgan Stanley Upgrade Make Shares of America Movil (NASDAQ:AMOV) a ‘Buy’?

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America Movil (NASDAQ:AMOV) Stock Upgrade

In an interesting research report sent to investors and clients on Friday morning, Morgan Stanley announced that they have decided to upgrade shares of America Movil (NASDAQ:AMOV) to a “Equal-weight” from a “Underweight”. There is now a $16.00 target PPS on AMOV’s stock.

Approximately 23,794 shares of stock traded hands or 323.23% up from the average. America Movil SAB de CV (ADR) (NASDAQ:AMOV) has declined 29.36% since May 8, 2015 and is downtrending. It has underperformed by 26.34% the S&P500.

America Movil, S.A.B. de C.V. is a holding company. The company has a market cap of $49.24 billion. The Firm provides telecommunications services in 25 countries. It has 36.56 P/E ratio. It provides wireless, fixed-line, broadband and pay television services.

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