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Stock Market & Financial Investment News

News Breaks
July 9, 2014
06:34 EDTAMX, AMOVMexico feels America Movil proposal could boost competition, Reuters says
Mexico's Transport and Communications Ministry said that America Movil's plan to reduce its share of Mexico's telecommunications market below 50% could boost competition in the industry, according to Reuters, citing a statement from the Ministry. 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.

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