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Stock Market & Financial Investment News

News Breaks
July 10, 2014
06:18 EDTAMX, AMOVAmerica Movil seeks single buyer for up to 17% of assets up for sale, FT says
America Movil, Carlos Slimís telecoms group, is said to be seeking a single buyer for around 15%-17% of the assets it is putting up for sale to avoid new Mexican competition regulations, the Financial Times reports. Reference Link
News For AMX;AMOV From The Last 14 Days
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October 22, 2014
06:36 EDTAMOV, AMXIFT says America Movil has yet to file asset divesture strategy, Reuters says
The Federal Telecommunications Institute, Mexico's telecommunications regulator, said that it still has not been given a detailed strategy from America Movil that would describe how the company plans to divest assets to cut its market share, according to Reuters, citing comments from the head of IFT Gabriel Contreras. Reference Link
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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