America Movil S.A.B. de C.V.n Depository Receipt Series L (NYSE:AMX) traded today at a new 52-week high of $19.85. This new high was reached on below average trading volume as 856,000 shares traded hands, while the average 30-day volume is approximately 2.1 million shares.
In the past 52 weeks, America Movil S.A.B. de C.V.n Depository Receipt Series L share prices are bracketed by a low of $12.70 and a high of $19.85 and is now at $19.84, 56% above that low price.
America Movil S.A.B. de C.V.n Depository Receipt Series L (NYSE:AMX) is currently priced 56.0% above its average consensus analyst price target of $8.73.
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.
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