Morgan Stanley Sees Unattractive Risk-Reward For America Movil SAB de CV (ADR)

In a report published Monday, Morgan Stanley analyst Michel Morin reiterated an Underweight rating and $19.00 price target on America Movil SAB de CV (ADR) (NYSE: AMX).

In the report, Morgan Stanley noted, “We cut our 2014-16 EPADR by 10-14% to reflect regulatory headwinds in Mexico. With the stock near our Bull Case, we find the risk-reward unattractive and reiterate our Underweight and $19 PT.”

America Movil SAB de CV closed on Friday at $26.32.