Telefonos de Mexico (TMX) NewsBite - TMX Flat on Upgrade

Posted on Wednesday, June 11, 2008 10:45 AM

Telefonos de Mexico (TMX) opened at 24.51. So far today, the stock has hit a low of 24.50 and a high of 25.65. TMX is now trading at 24.38, up 0.09 (0.35%). The stock hit its 52 week high of 42.94 in May and set its 52 week low of 24.10 today. TMX has been steady for the past year. Telefonos de Mexico shares have been relatively flat today after a Deutsche Bank analyst upgraded the stock to "Buy" from "Hold," and raised his price target to $39 from $28, based on valuation and its decision to spin off its international operations. Technical indicators for the stock are bullish and steady while S&P gives TMX a neutral 3 STARS (out of 5) hold rating. We will just watch this one for now. There are no trades that we like for TMX. [RHF - Seven Summits Strategic Investments NewsBite]

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