America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Stock Rated “Moderate Buy” by Wall Street Analysts

by · The Markets Daily

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX – Get Free Report) has received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $29.52.

Several analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research note on Thursday, August 13th. Santander raised shares of America Movil from a “neutral” rating to an “outperform” rating in a report on Thursday, August 13th. New Street Research reissued a “buy” rating and set a $35.00 price objective on shares of America Movil in a research note on Wednesday, June 17th. Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. upgraded America Movil from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $30.00 to $32.00 in a research note on Tuesday, August 18th.

Get Our Latest Research Report on AMX

America Movil Stock Down 0.0%

AMX stock opened at $22.02 on Monday. The stock has a 50-day simple moving average of $23.75 and a two-hundred day simple moving average of $25.11. America Movil has a twelve month low of $19.70 and a twelve month high of $28.46. The firm has a market capitalization of $66.18 billion, a PE ratio of 13.27, a PEG ratio of 1.12 and a beta of 0.62. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.90.

America Movil (NYSE:AMX – Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share (EPS) for the quarter. The firm had revenue of $13.78 billion for the quarter. America Movil had a net margin of 9.38% and a return on equity of 20.33%. On average, equities analysts predict that America Movil will post 1.9 EPS for the current fiscal year.

Institutional Investors Weigh In On America Movil

Several hedge funds have recently bought and sold shares of the stock. Faithward Advisors LLC purchased a new position in America Movil in the first quarter worth $1,898,000. Bank of America Corp DE raised its position in America Movil by 314.2% during the first quarter. Bank of America Corp DE now owns 2,272,406 shares of the Wireless communications provider’s stock valued at $57,901,000 after purchasing an additional 1,723,717 shares in the last quarter. Cetera Investment Advisers lifted its stake in America Movil by 95.5% during the first quarter. Cetera Investment Advisers now owns 140,574 shares of the Wireless communications provider’s stock worth $3,582,000 after purchasing an additional 68,661 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of America Movil by 12.5% in the 1st quarter. First Trust Advisors LP now owns 2,099,260 shares of the Wireless communications provider’s stock worth $53,489,000 after purchasing an additional 233,925 shares in the last quarter. Finally, Amundi boosted its holdings in shares of America Movil by 11.2% in the 1st quarter. Amundi now owns 2,381,539 shares of the Wireless communications provider’s stock worth $60,682,000 after purchasing an additional 239,057 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors.

America Movil Company Profile

(Get Free Report)

América Móvil, SAB. de C.V. is a telecommunications company headquartered in Mexico City. It provides wireless and fixed-line voice services, mobile and fixed broadband, pay television, data transmission, information technology, and other digital communications services to consumers, businesses, and government customers.

The company operates primarily through the Telcel brand in Mexico and the Claro brand across much of Latin America and the Caribbean. Its operations also include services in the United States through TracFone Wireless and telecommunications businesses in Europe through its participation in Telekom Austria Group.

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