America Movil (AMX) Hit For 3rd Day in Row

America Movil (NYSE: AMX) declined for the third day in a row after the stock suffered a downgraded by analysts at HSBC. This was the second downgrade in just two days and follows a cut by analyst at Credit Suisse yesterday. Credit Suisse warned about uncertainly regarding a Mexican telecom reform bill which might open the door to increased competition and creates question marks.

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