America Movil unit fined for contacting customer's contacts, Bloomberg says America Movil's Telcel mobile-phone unit was fined by Mexico's transparency agency, known as IFAI, for contacting a customerís contacts without her permission and asking them for her outstanding phone bill debt to be paid, says Bloomberg. Reference Link
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America Movil upgraded to Equal Weight from Underweight at Barclays Barclays upgraded America Movil to Equal Weight citing improved visibility on carrier plans to address regulations. The firm raised its price target for shares to $24 from $20.50.