Scorpio Tankers Inc. (STNG) Reaches $2.73 After 9.00% Down Move; Quantitative Investment Management Upped America Movil (AMX) Holding

June 17, 2018 - By Ellis Scott

Scorpio Tankers Inc. (NYSE:STNG) Logo

Quantitative Investment Management Llc increased America Movil (AMX) stake by 40.98% reported in 2018Q1 SEC filing. Quantitative Investment Management Llc acquired 63,800 shares as America Movil (AMX)’s stock declined 16.25%. The Quantitative Investment Management Llc holds 219,500 shares with $4.19 million value, up from 155,700 last quarter. America Movil now has $54.44 billion valuation. The stock increased 1.31% or $0.21 during the last trading session, reaching $16.19. About 8.58M shares traded or 210.39% up from the average. América Móvil, S.A.B. de C.V. (NYSE:AMX) has risen 0.56% since June 17, 2017 and is uptrending. It has underperformed by 12.01% the S&P500. Some Historical AMX News: ; 14/03/2018 – AMERICA MOVIL’S HAJJ SAYS INVESTMENT CAPACITY OF SEPARATE FIXED LINE UNIT WILL DEPEND ON ITS OWN FINANCIAL VIABILITY; 18/04/2018 – Mexico’s top court sides with America Movil, says Telmex can charge rivals; 14/03/2018 – AMERICA MOVIL CHAIRMAN CARLOS SLIM DOMIT SPEAKS IN MEXICO CITY; 19/04/2018 – AMERICA MOVIL 4Q LOSS MXN11.30B; 24/04/2018 – MEXICO’S AMERICA MOVIL SAYS 1Q NET PROFIT 18.087 BLN PESOS; 03/04/2018 – America Movil Closes Above 50-Day Moving Average: Technicals; 05/03/2018 – AMERICA MOVIL SAYS TO CHALLENGE MEXICO REGULATOR’S ORDER; 05/03/2018 Mexico regulator approves America Movil fixed-line separation plan; 25/04/2018 – AMERICA MOVIL ON TRACK TO ACCOMPLISH $8B BUDGET FOR CAPEX: HAJJ; 14/03/2018 – America Movil to roll out 4.5G in 76 cities by end-2018

The stock of Scorpio Tankers Inc. (NYSE:STNG) is a huge mover today! The stock decreased 5.21% or $0.15 during the last trading session, reaching $2.73. About 4.93M shares traded or 28.17% up from the average. Scorpio Tankers Inc. (NYSE:STNG) has declined 29.97% since June 17, 2017 and is downtrending. It has underperformed by 42.54% the S&P500. Some Historical STNG News: ; 17/05/2018 – Scorpio Tankers Announces Sale and Leaseback Agreements for Five Pdt Tankers; 25/04/2018 – SCORPIO TANKERS INC – CO SIGNED TERM SHEETS THAT, IF CONSUMMATED, WOULD BE EXPECTED TO RAISE $334 MLN IN AGGREGATE OF NEW LIQUIDITY; 25/04/2018 – SCORPIO TANKERS INC – TCE REVENUE FOR THREE MONTHS ENDED MARCH 31, 2018 INCREASED $32.8 MLN TO $153.1 MLN; 25/04/2018 – SCORPIO TANKERS 1Q TCE REV. $153.1M, EST. $154.0M; 01/05/2018 – Scorpio Tankers Inc. Announces Commitments for New Loan Facilities; 14/05/2018 – Warlander Asset Management LP Exits Position in Scorpio Tankers; 17/05/2018 – Scorpio Tankers Announces Sale and Leaseback Agreements for Five Product Tankers; 17/05/2018 – SCORPIO TANKERS – UPON COMPLETION OF AGREEMENT, CO’S LIQUIDITY IS EXPECTED TO INCREASE BY $42 MLN IN AGGREGATE AFTER REPAYMENT OF OUTSTANDING DEBT; 25/04/2018 – Scorpio Tankers 1Q Rev $156.4M; 29/05/2018 – Scorpio Tankers Agrees to Sell, Lease Back Six MR Product TankersThe move comes after 8 months negative chart setup for the $905.35 million company. It was reported on Jun, 17 by Barchart.com. We have $2.48 PT which if reached, will make NYSE:STNG worth $81.48 million less.

Among 11 analysts covering Scorpio Tankers Inc. (NYSE:STNG), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Scorpio Tankers Inc. had 38 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, July 26 by UBS. The rating was upgraded by Bank of America on Friday, May 12 to “Buy”. The firm earned “Hold” rating on Tuesday, November 15 by Deutsche Bank. The company was initiated on Tuesday, July 21 by Bank of America. The rating was maintained by Jefferies with “Buy” on Friday, September 29. The firm has “Underperform” rating by Bank of America given on Tuesday, January 17. The rating was maintained by Jefferies with “Buy” on Monday, September 18. The rating was maintained by Stifel Nicolaus on Monday, September 18 with “Buy”. The stock of Scorpio Tankers Inc. (NYSE:STNG) has “Buy” rating given on Friday, May 26 by Jefferies. The stock has “Buy” rating by Stifel Nicolaus on Monday, August 28.

Analysts await Scorpio Tankers Inc. (NYSE:STNG) to report earnings on September, 17. They expect $-0.10 earnings per share, down 11.11% or $0.01 from last year’s $-0.09 per share. After $-0.10 actual earnings per share reported by Scorpio Tankers Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. The company has market cap of $905.35 million. As of March 15, 2017, it owned 78 tankers comprising 22 LR2 tankers, 14 Handymax tankers, and 42 MR tankers with an average age of approximately 2.3 years; and 19 time chartered-in tankers, including 9 Handymax, 8 MR, 1 LR1, and 1 LR2 tankers. It currently has negative earnings.

Among 12 analysts covering America Movil S.A.B. (NYSE:AMX), 7 have Buy rating, 2 Sell and 3 Hold. Therefore 58% are positive. America Movil S.A.B. had 32 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Underperform” on Wednesday, October 21. The company was initiated on Tuesday, April 3 by Goldman Sachs. The rating was initiated by Credit Suisse with “Neutral” on Monday, December 7. The stock of América Móvil, S.A.B. de C.V. (NYSE:AMX) has “Buy” rating given on Friday, October 20 by Credit Suisse. Bank of America downgraded the stock to “Neutral” rating in Thursday, April 28 report. The firm has “Equalweight” rating by Barclays Capital given on Monday, July 18. JP Morgan downgraded América Móvil, S.A.B. de C.V. (NYSE:AMX) on Thursday, April 28 to “Underweight” rating. The company was upgraded on Monday, April 10 by Barclays Capital. The company was maintained on Tuesday, October 3 by RBC Capital Markets. The rating was upgraded by Bank of America on Tuesday, November 22 to “Buy”.

América Móvil, S.A.B. de C.V. (NYSE:AMX) Ratings Chart

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