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The chipmaker was initiated with an outperform rating by Loop Capital, which set a Wall Street-high price target that calls for 65% upside. He also raised his price target on U.S.-traded shares to $22.22 from $19.16, implying shares could rise 27% from Thursday's close. It also cut its price target by $1.50 to $8.50, suggesting just 6.2% upside potential from Thursday's closing price. — Hakyung Kim 5:41 a.m.: Oppenheimer downgrades Nike Don't expect much out of Nike shares in the near future, according to Oppenheimer. The firm downgraded the apparel giant to perform from outperform and slashed its price target to $110 per share from $150.

Persons: Oppenheimer, Carvana, Raymond James Carvana's, Raymond James, Mitch Ingles, Ingles, — Hakyung Kim, Jefferies, Alex Wright, Wright, Peter Grom, Chris Peterson's, Grom, Newell, Brian Nagel, Fred Imbert, Ananda Baruah, Hakyung Kim Organizations: CNBC, Nvidia, Nike, Loop, Jefferies, UBS, Newell Brands Consumer, Newell Brands, Nvidia Nvidia, CY2025 Locations: Thursday's, America, CY2024

☆ Mexico's America Movil denies report it's eyeing Argentine telecoms firm Arsat
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

The logo of America Movil is pictured on the wall at a reception area in the company's corporate offices, in Mexico City, Mexico January 25, 2022. REUTERS/Gustavo Graf/File Photo Acquire Licensing RightsMEXICO CITY, Nov 23 (Reuters) - America Movil (AMXB.MX), the Mexican telecommunications company controlled by billionaire Carlos Slim, on Thursday denied a report it is in talks with Argentine President-elect Javier Milei's team to buy Argentina's state telecoms company Arsat. Citing sources close to the matter, website La Politica Online said plans to sell Arsat are very advanced, and reported that a member of Milei's transition team on Tuesday held talks with executives from America Movil's Argentine unit, Claro. La Politica Online said the value of Arsat was discussed during the talks with a figure of around $930 million mentioned. A spokesperson for Milei's transition team did not immediately respond to a request for comment.

Persons: Gustavo Graf, Carlos Slim, Javier Milei's, Arturo Elias, Slim's, Arsat, Dave Graham, Eliana, Jonathan Oatis, Marguerita Choy Organizations: REUTERS, MEXICO CITY, Argentine, Reuters, Politica, America Movil's, Thomson Locations: Mexico City, Mexico, MEXICO, Mexican, America Movil's Argentine, Claro

☆ Buy this Mexico-based telecom stock after a recent pullback, Citi says
▼ + stars: | 2023-08-17 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Citi says América Móvil's stock recent pullback is a buying opportunity. The firm upgraded the Mexican telecom stock to buy from neutral in a Wednesday note and hiked its price target to $23.50. AMX YTD mountain América Móvil stock has added 2.4% from the start of the year. "Both together are opening what we think is an attractive entry point to add on AMX stocks," Cardona said. "We also see the AMX buyback program as likely to speed up over 2H23 on NWC [can't find what this means] seasonality."

Persons: Andrés Cardona, rebalance, Cardona, — CNBC's Michael Bloom Organizations: Citi

☆ Mexico's America Movil quarterly profit rises 13.7%, fueled by new subscribers
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Oct 18 (Reuters) - Mexican telecommunications giant America Movil (AMXL.MX) reported on Tuesday reported a 13.7% jump in third-quarter net profit, helped by more wireless subscribers across all the regions where it operates compared to a year earlier. America Movil's revenues edged up 1.8% to 214.47 billion pesos, from 210.77 billion pesos during the year-ago period. Register now for FREE unlimited access to Reuters.com RegisterEarnings before interest, taxes, depreciation and amortization (EBITDA), or core earnings, reached 83.2 billion pesos, a 2.3% increase from a year earlier. America Movil said it added 2.9 million wireless subscribers in the quarter, including 1.9 million postpaid customers largely from Brazil. ($1 = 20.1271 pesos by end-September)Register now for FREE unlimited access to Reuters.com RegisterReporting by Kylie Madry and Noe TorresOur Standards: The Thomson Reuters Trust Principles.

☆ TIM, Vivo, Claro seek $606 mln Brazil Oi deal haircut
▼ + stars: | 2022-09-19 | by ( David French | ) www.reuters.com time to read: +1 min

A logo of the mobile phone network company Claro is seen in Bogota, Colombia December 12, 2019. REUTERS/Luisa GonzalezSAO PAULO, Sept 19 (Reuters) - TIM SA (TIMS3.SA), Telefonica Brasil (VIVT3.SA) and Claro have asked that the price of their deal to buy rival telecom Oi SA's (OIBR4.SA) mobile operations in Brazil be lowered by 3.2 billion reais ($605.05 million), securities filings showed on Monday. Telecom Italia's TIM (TLIT.MI), America Movil's Claro (AMXL.MX) and Telefonica's Vivo had agreed to acquire Oi's mobile operations in an auction in late 2020 with a joint bid of about 16 billion reais. However, post-deal analysis showed the need for an adjusted closing price, TIM said in a securities filing, citing divergences in working capital, capital expenditure and net adds data that were seen in documents available only after closing. ($1 = 5.2888 reais)Register now for FREE unlimited access to Reuters.com RegisterReporting by Gabriel Araujo; Editing by Christian PlumbOur Standards: The Thomson Reuters Trust Principles.

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