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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
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October 22, 2014
06:36 EDTAMXIFT 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 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.

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