Shares of America Movil SAB de CV (ADR) (NYSE:AMX) ended Friday session in red amid volatile trading. The shares closed down -0.35 points or -3.03% at $11.20 with 4,354,107 shares getting traded. Post opening the session at $11.46, the shares hit an intraday low of $11.20 and an intraday high of $11.46 and the price vacillated in this range throughout the day. The company has a market cap of $36.16 billion and the numbers of outstanding shares have been calculated to be 44.28 billion shares.
On September 13, 2016 Citi’s Issuer Services business, acting through Citibank, N.A., has been appointed by América Móvil S.A.B. de C.V., one of the largest integrated telecommunications companies in the world, as the successor depositary bank for its sponsored American Depositary Receipt (ADR) programs.
América Móvil’s ADRs are traded on the New York Stock Exchange under the symbol “AMX” for its ADRs representing L shares and on the NASDAQ Stock Market under the symbol “AMOV” for its ADRs representing A shares. Each ADR represents 20 L or A shares, respectively. América Móvil is based in Mexico and its underlying L and A shares are listed on the Mexican Stock Exchange.
“Providing value for our ADR holders is an important commitment, and we look forward to working with Citi to further develop and improve our ADR programs,” said Carlos Garcia Moreno, CFO of América Móvil.
“We are honored to be appointed successor depositary bank for América Móvil’s ADR programs,” said Dirk Jones, Head of Global Issuer Services at Citi. “With Citi’s investor relations expertise and global presence, we are confident we can facilitate the continued success of América Móvil’s ADR programs.”
Shares of Twilio Inc (NYSE:TWLO) ended Friday session in green amid volatile trading. The shares closed up +2.75 points or 5.09% at $56.75 with 4,355,304 shares getting traded. Post opening the session at $54.30, the shares hit an intraday low of $53.66 and an intraday high of $56.99 and the price vacillated in this range throughout the day. The company has a market cap of $5.04 billion and the numbers of outstanding shares have been calculated to be 84.57 million shares.
Twilio Inc (TWLO) on Sep 12, 2016 released the results of its Global Mobile Messaging Consumer Report. The results show that while 9 out of 10 consumers want to use messaging to communicate with brands, less than half of global businesses have the infrastructure in place to fulfill this customer demand. Twilio surveyed more than 6,000 consumers across 3 continents including North America, Europe and Asia. To learn more about the survey and to download a copy of the report, visit http://bit.ly/consumermessagingreport.
“As messaging becomes even more central in people’s lives through the addition of eCommerce, gaming and other communications and social networking functions, demand for service in messaging will rise. Messaging has some distinct advantages that should also make it a boon for customer experience,” per Ian Jacobs, senior analyst at Forrester, in “Plan Now for Customer Service in 2021,” Forrester Research Inc., June 28, 2016.