Morgan Stanley Sees Mixed Factors for America Movil SAB de CV

In a report published Wednesday, Morgan Stanley analyst Michel Morin reiterated an Equal-Weight rating and $19.00 price target on

. In the report, Morgan Stanley noted, “We see both positive and negative takeaways from AMX's announcement. We are not making any changes to our estimates at this time, but we believe that this adds uncertainty to the earnings outlook. We maintain our Equal-weight opinion and $19 price target. Given the risk of increased competition from a new entrant, the read-across for the broader Telecom sector is negative, and we maintain our Cautious industry view.” America Movil SAB de CV closed on Tuesday at $20.74.