Scotia Capital Has Sector Perform on America Movil

By Jonathan Chen
Benzinga Staff Writer
September 21, 2011 8:44 AM

Symbols: AMX

Posted in: Analyst Color, Price Target, Analyst Ratings

Scotia Capital is out with research report on America Movil (NYSE: AMX) and it has a Sector Perform rating and a $31 price target on shares.

In a note to clients, Scotia Capital writes, "n Q3/11, AMX will fully absorb the MTR cut, and we believe these new revisions point to further degradation of wireline sales. We have yet to publish our Q3 preview, but advise a cautious stance now."

Shares of AMX closed at $24.08 yesterday.

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Scotia Capital Has Sector Perform on America Movil

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