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Stock Market & Financial Investment News

News Breaks
February 13, 2013
14:24 EDTAMXInbursa buys 40M America Movil shares, Reuters reports
Bank Grupo Inbursa, a Carlos Slim-backed financial group, bought 40M shares of America Movil (AMX) on Wednesday following the company's disappointing Q4 results, according to a Reuters report that cites a person close to the operation. Reference Link
News For AMX From The Last 14 Days
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October 16, 2014
10:45 EDTAMXAmerica 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 EDTAMXAmerica 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 EDTAMXCarlos Slim says bankers working on America Movil split, Bloomberg reports
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