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Fly News Breaks for November 28, 2018
AMX, AMOV
Nov 28, 2018 | 06:47 EDT
UBS analyst Maria Tereza Azevedo initiated coverage of America Movil's American depository receipts with a Buy rating and $17 price target. The analyst this morning also upgraded the foreign shares of America Movil to Buy from Neutral. She believes the company should be able to make higher cash distributions to shareholders in 2019 as its deleveraging cycle ends and its capital expenditures plans are moderated. America Movil is the "cheapest" Latin American telecom stock, Azevedo tells investors in a research note.
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