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Stock Market & Financial Investment News

News Breaks
February 14, 2013
06:25 EDTAMX, AMOVAmerica Movil shares fall, Sim loses $3.8B of his net worth, Bloomberg reports
American Movil's (AMX, AMOV) Carlos Slim, the world’s richest man at $74.2B, lost $3.8B from his net worth yesterday as shares of the company fell 10% after the mobile phone operator said slower economic growth in Mexico hurt revenue, reports Bloomberg. The shares had their biggest decline since April 2008. Reference Link
News For AMX;AMOV From The Last 14 Days
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October 21, 2014
06:46 EDTAMOV, AMXAmerica Movil now owns nearly 60% of Telekom Austria, Reuters says
America Movil (AMX, AMOV) purchased an extra 8.68% stake in Telekom Austria (TKAGY), which now brings Carlos Slim's share in the company to approximately 60%, according to Reuters, citing a statement from Mexico's stock exchange. Reference Link
October 16, 2014
10:45 EDTAMOV, AMXAmerica Movil Brazil sales increase 'considerably,' Bloomberg says
Since combining its cable, mobile-phone and landline businesses, America Movil Brazil sales are growing "considerably" said the head of the division Carlos Zenteno, Bloomberg reports. An increase in its Brazil business will help the company compensate for narrowing profit margins in Mexico, added Bloomberg. Reference Link
October 13, 2014
06:44 EDTAMXAmerica Movil downgraded Sell from Neutral at Citigroup (last week)
Citigroup downgraded America Movil last Thursday to Sell citing the 20% share gain since August and tougher regulations in Mexico. Citi lowered its price target for the stock to $22.30 from $23.70.
October 7, 2014
11:43 EDTAMOV, AMXAmerica Movil could divest assets apart from eastern Mexico, Bloomberg says
America Movil CEO Carlos Slim said that the company could sell some of its assets apart from Mexico's eastern coast in an effort for the firm to go after a breakup that agrees with new regulations, according to Bloomberg, citing comments from Slim. Slim said that the company has been in discussions to divest assets to the west coast and the country's border. Reference Link
10:08 EDTAMOV, AMXCarlos Slim says bankers working on America Movil split, Bloomberg reports
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