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

Rating:
Outperform
AMX
down 21.02 %

America Movil, S.a.b. De C.v. (AMX) rated Outperform by Wells Fargo

Posted on: Wednesday,  Sep 16, 2009  9:25 AM ET by Wells Fargo

Wells Fargo rated Outperform America Movil, S.a.b. De C.v. (NYSE: AMX) on 09/16/2009, when the stock price was $23.40.
Since then, America Movil, S.a.b. De C.v. has lost 21.03% as of 08/27/2015's recent price of $18.48.
If you would have followed this Wells Fargo's recommendation on AMX, you would have lost 21.02% of your investment in 2171 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.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/16/2009 9:25 AM Buy
None
23.40
as of 12/31/2009
1 Week up  22.52 %
1 Month up  20.64 %
3 Months up  33.17 %
1 YTD up  24.72 %

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