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America Movil, S.a.b. De C.v. (AMX) [hlAlert]

Rating:
Buy AMX
down 20.19 %

America Movil, S.a.b. De C.v. (AMX) rated Buy with price target $57 by Oscar Gruss

Posted on: Thursday,  Aug 27, 2009  11:25 AM ET by Oscar Gruss

Oscar Gruss rated Buy America Movil, S.a.b. De C.v. (NYSE: AMX) on 08/27/2009, when the stock price was $23.16.
Since then, America Movil, S.a.b. De C.v. has lost 20.19% as of 08/27/2015's recent price of $18.48.
If you would have followed this Oscar Gruss's recommendation on AMX, you would have lost 20.19% of your investment in 2191 days.

America Movil S.A.B. DE C.V. (America Movil) is a provider of wireless communications services in Latin America. As of December 31, 2008, it had 182.7 million subscribers in 17 countries. Through Radiomovil Dipsa, S.A. de C.V., which operates under the name Telcel, the Company, provides mobile telecommunications service in all nine regions in Mexico. As of December 31, 2008, Telcel had 56.4 million subscribers in Mexico. The Company operates in Brazil through its subsidiaries, Claro S.A. and Americel S.A. (Americel), under the unified brand name Claro. Its network covers the main cities in Brazil, including Sao Paulo and Rio de Janeiro. The Company provides wireless services in Argentina, Paraguay, Uruguay and Chile. America Movil provides wireless services in Colombia under the Comcel brand. It also provides fixed-line and wireless services in Guatemala, El Salvador, Nicaragua and Panama. In August 2008, the Company acquired 100% interest in Estesa Holding Corp.

Oscar Gruss & Son Inc. is a full service investment and merchant bank. It provides financial advisory services such as mergers and acquisitions, re-capitalization, strategic partnerships and joint venture assignments, fairness opinions, and valuations. Its corporate finance services include public offerings, and placements of equity and debt for public and private companies. It also provides equity research analysis focusing on healthcare, including biotechnology, medical devices, genomics, and other medical technologies; and communications technology, such as telecommunications equipment, and other areas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/27/2009 11:25 AM Buy
None
23.16 28.50
as of 12/31/2009
1 Week up  22.52 %
1 Month up  20.64 %
3 Months up  33.17 %
1 YTD up  26.04 %

(*) Stock Price at the time of the recommendation.
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