New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
October 25, 2013
17:03 EDTAMXCarlos Slim's Inmobiliaria Carso discloses $248M purchase of America Movil stock
Inmobiliaria Carso reported the purchase of 253,721,620 L shares for an aggregate purchase price of $248M. The funds were obtained from the working capital of Inmobiliaria Carso.
News For AMX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 21, 2014
06:46 EDTAMXAmerica 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 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
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use