Finally Time To Raise Your Stake? JP Morgan Upgrades America Movil SA (NYSE:AMX) Shares

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America Movil SA (NYSE:AMX) Stock Upgrade

In a comprehensive report sent to investors and clients on 17 December, JP Morgan upgraded shares of America Movil SA (NYSE:AMX) to a solid Neutral rating from their previous Underweight rating.

From a total of 15 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 $19.02 with a 23.51% above today’s ($15.23) stock price. America Movil S.A.B. was the topic of 9 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley upgraded shares on December 11 to “Equal-Weight” rating. Macquarie Research downgraded AMX stock in a recent report from November 17 to “Neutral” rating.

Approximately 1.58 million shares of stock traded hands. America Movil SAB de CV (ADR) (NYSE:AMX) has declined 25.22% since May 14, 2015 and is downtrending. It has underperformed by 22.95% the S&P500.

America Movil, S.A.B. de C.V. is a holding company. The company has a market cap of $48.97 billion. The Firm provides telecommunications services in 25 countries. It has 38.54 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.”

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