America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Receives $27.02 Consensus PT from Brokerages

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have earned an average recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $28.1571.

AMX has been the subject of a number of research analyst reports. New Street Research reaffirmed a “buy” rating and set a $35.00 price objective on shares of America Movil in a report on Wednesday. The Goldman Sachs Group started coverage on America Movil in a research report on Monday, May 18th. They set a “buy” rating and a $31.80 target price for the company. Scotiabank lowered their target price on America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Weiss Ratings upgraded America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th.

America Movil Trading Down 0.0%

America Movil stock opened at $26.45 on Friday. The firm has a 50 day moving average of $26.36 and a 200 day moving average of $23.88. The firm has a market capitalization of $79.62 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 0.84 and a beta of 0.66. America Movil has a 12-month low of $16.88 and a 12-month high of $28.46. The company has a current ratio of 0.72, a quick ratio of 0.67 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 earnings per share (EPS) for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. The company had revenue of $13.24 billion during the quarter. As a group, research analysts predict that America Movil will post 1.91 earnings per share for the current year.

Institutional Trading of America Movil

A number of institutional investors have recently bought and sold shares of AMX. Camelot Portfolios LLC bought a new stake in America Movil in the fourth quarter worth $31,000. Atlas Capital Advisors Inc. bought a new stake in America Movil in the fourth quarter worth $37,000. EverSource Wealth Advisors LLC lifted its position in America Movil by 142.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 1,235 shares during the last quarter. Beacon Financial Strategies CORP bought a new stake in America Movil in the fourth quarter worth $43,000. Finally, Arax Advisory Partners lifted its position in America Movil by 34.0% in the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after buying an additional 612 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors.

America Movil Company Profile

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.