JPMorgan Chase & Co. upgraded America Movil (AMX) to an overweight rating from its previous neutral stance.
The financial institution raised its price target for the wireless communications provider to $32.00.
This new objective represents an increase from the prior $30.00 target.
The revised valuation suggests a potential upside of approximately 35.25% from the current trading price.
Market analysts currently maintain a consensus Moderate Buy rating on the stock.