America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Stock Has Consensus Price Target of $29.52 According to Brokerages

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) has earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $29.52.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AMX. Trust Co. of Vermont purchased a new position in America Movil during the 2nd quarter valued at $39,000. Integrated Wealth Concepts LLC bought a new position in America Movil in the 2nd quarter valued at $82,000. GAMMA Investing LLC bought a new position in America Movil in the 3rd quarter valued at $68,000. TD Waterhouse Canada Inc. bought a new position in America Movil in the 3rd quarter valued at $75,000. Finally, EverSource Wealth Advisors LLC increased its stake in America Movil by 23.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,896 shares of the Wireless communications provider’s stock worth $99,000 after purchasing an additional 739 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

America Movil Stock Down 0.2%

NYSE AMX opened at $22.86 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.90. The company has a fifty day moving average of $22.72 and a two-hundred day moving average of $24.88. The firm has a market capitalization of $68.69 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.17 and a beta of 0.59. America Movil has a 52 week low of $19.70 and a 52 week high of $28.46.

America Movil (NYSE:AMX) last posted its quarterly earnings data on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share for the quarter. America Movil had a net margin of 9.38% and a return on equity of 20.33%. The business had revenue of $13.78 billion for the quarter. On average, analysts predict that America Movil will post 1.90 earnings per share for the current year.

America Movil Company Profile

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.