America Movil (NYSE:AMX) Stock Price Passes Above 200-Day Moving Average – Here’s Why

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.15 and traded as high as $27.25. America Movil shares last traded at $27.2370, with a volume of 981,617 shares traded.

Analyst Upgrades and Downgrades

AMX has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a research note on Wednesday, March 11th. Weiss Ratings cut America Movil from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. New Street Research raised America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. UBS Group boosted their price objective on America Movil to $31.50 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, America Movil presently has an average rating of “Hold” and a consensus target price of $25.02.

America Movil Stock Performance

The stock has a market cap of $81.98 billion, a P/E ratio of 17.35, a PEG ratio of 0.96 and a beta of 0.69. The business has a 50 day moving average price of $25.32 and a 200 day moving average price of $23.15. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97.

America Movil (NYSE:AMX) last released its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. The firm had revenue of $13.24 billion for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%. As a group, sell-side analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.85 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMX. Brighton Jones LLC bought a new position in shares of America Movil during the fourth quarter valued at approximately $154,000. Royal Bank of Canada grew its stake in America Movil by 16.9% in the first quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock worth $5,339,000 after purchasing an additional 54,152 shares in the last quarter. Jones Financial Companies Lllp grew its stake in America Movil by 2,189.8% in the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock worth $330,000 after purchasing an additional 22,226 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in America Movil by 15.2% in the first quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock worth $11,071,000 after purchasing an additional 102,545 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in America Movil by 9.5% in the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock worth $719,000 after purchasing an additional 4,373 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

About America Movil

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.