Trade Report: The America Movil SAB de CV (AMOV) Upgrade by Bank of America Corp. to “Buy”

The America Movil SAB de CV (AMOV) Upgrade by Bank of America Corp. to “Buy”

Bank of America Corp. upgraded shares of America Movil SAB de CV (NASDAQ:AMOV) from a neutral rating to a buy rating in a research note issued to investors on Tuesday morning.

Separately, Citigroup Inc. upgraded America Movil SAB de CV from a sell rating to a neutral rating in a research note on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $14.74.

America Movil SAB de CV (NASDAQ:AMOV) opened at 11.51 on Tuesday. The firm’s 50-day moving average price is $0.00 and its 200 day moving average price is $0.00. America Movil SAB de CV has a 52 week low of $10.83 and a 52 week high of $16.55.

A number of hedge funds and other institutional investors have recently modified their holdings of AMOV. RMB Capital Management LLC bought a new position in shares of America Movil SAB de CV during the third quarter valued at approximately $226,000. Wells Fargo & Company MN increased its position in shares of America Movil SAB de CV by 1,362.7% in the third quarter. Wells Fargo & Company MN now owns 12,301 shares of the company’s stock valued at $140,000 after buying an additional 11,460 shares in the last quarter. OTA Financial Group L.P. increased its position in shares of America Movil SAB de CV by 27.9% in the third quarter. OTA Financial Group L.P. now owns 45,697 shares of the company’s stock valued at $526,000 after buying an additional 9,967 shares in the last quarter. Finally, Alpha Cubed Investments LLC bought a new position in shares of America Movil SAB de CV during the second quarter valued at approximately $470,000.

About America Movil SAB de CV

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