Shares of America Movil SAB de CV (ADR) (AMX) ended Thursday session in green amid volatile trading. The shares closed up +0.30 points or 2.62% at $11.74 with 5.13 million shares getting traded. Post opening the session at $11.55, the shares hit an intraday low of $11.50 and an intraday high of $11.76 and the price vacillated in this range throughout the day. The company has a market cap of $39.06 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 Centurylink Inc (NYSE:CTL) ended Thursday session in green amid volatile trading. The shares closed up +0.69 points or 2.56% at $27.61 with 5.09 million shares getting traded. Post opening the session at $27.08, the shares hit an intraday low of $26.95 and an intraday high of $27.72 and the price vacillated in this range throughout the day. The company has a market cap of $15.17 billion and the numbers of outstanding shares have been calculated to be 545.97 million shares.
Centurylink Inc (CTL) on Sept. 22, 2016 received the 2016 Asia Pacific Hybrid IT Strategy Award for the second consecutive year from Frost & Sullivan, a global growth consulting firm. The award, based on Frost & Sullivan’s in-depth research and careful evaluation, recognizes CenturyLink’s outstanding ability to deliver an integrated and comprehensive hybrid IT portfolio that includes cloud, colocation, managed hosting, network and managed services to meet rising demands for highly automated, efficient, reliable and flexible IT services.
According to Frost & Sullivan, hybrid IT is fast becoming the new normal across organizations in Asia Pacific . The increased utilization of data centers and cloud services in Asia Pacific has led to a gradual update or upgrade of companies’ existing IT systems, which is giving rise to the hybrid IT environment. An enhanced customer experience and greater focus on business model innovation is also driving service providers to accelerate their pace of service innovation.