UPDATE: Morgan Stanley Reiterates On America Movil On Trimmed EBITDA Estimates - America Movil (NYSE:AMX)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published Friday, Morgan Stanley analyst Michel Morin reiterated an Equal-Weight rating on

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

America Movil

(NYSE: AMX), but lowered the price target from $21.00 to $20.00.In the report, Morgan Stanley noted, “Trimming EBITDA estimates by 1-2% following 4Q results. The larger cut to EPADR reflects large projected FX losses YTD, based on current levels. We trim our DCF-based PT by $1 to $20/ADR (unchanged at P$13/share). We view the risk-reward evenly balanced and remain Equal-weight.”America Movil closed on Friday at $21.10.