AMX - America Movil S.A.B. de C.V.n Depository Receipt Series L: 52-Week High Recently Eclipsed (AMX)
America Movil S.A.B. de C.V.n Depository Receipt Series L (NYSE:AMX) traded at a new 52-week high today of $16.93. Approximately 270,000 shares have changed hands today, as compared to an average 30-day volume of 2.2 million shares.
America Movil S.A.B. de C.V.n Depository Receipt Series L share prices have moved between a 52-week high of $16.93 and a 52-week low of $11.59 and are now trading 46% above that low price at $16.93 per share.
America Movil is the largest telecom carrier in Latin America, serving about 270 million wireless customers across the region. It also provides fixed-line phone, Internet access, and television services in most of the countries it serves. Mexico is the firm's largest market, providing about 30% of revenue. Movil dominates the Mexican wireless market with about 63% customer share and also serves about half of fixed-line Internet access customers in the country. Brazil, its second most important market, provides about 20% of revenue. Movil has agreed to sell its low-margin wireless resale business in the U.S., which operates under the Tracfone and Straight Talk brands, to Verizon.
Based on a current price of $16.93, America Movil S.A.B. de C.V.n Depository Receipt Series L is currently 53.9% above its average consensus analyst price target of $7.81.
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