America Movil (NYSE:AMX) Hits New 1-Year High – Here’s Why

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $24.94 and last traded at $24.8740, with a volume of 2598653 shares changing hands. The stock had previously closed at $23.76.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AMX shares. Bank of America assumed coverage on America Movil in a report on Thursday, December 11th. They set a “neutral” rating and a $26.00 price objective for the company. Santander lowered shares of America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. Finally, Zacks Research downgraded shares of America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $23.26.

America Movil Price Performance

The company’s 50-day moving average is $21.59 and its 200-day moving average is $21.41. The firm has a market cap of $76.64 billion, a price-to-earnings ratio of 17.78 and a beta of 0.76. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01.

America Movil (NYSE:AMX) last released its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). America Movil had a return on equity of 18.92% and a net margin of 8.78%.The business had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.09 billion. Equities research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On America Movil

A number of hedge funds have recently made changes to their positions in the stock. Trust Co. of Vermont bought a new stake in shares of America Movil during the 3rd quarter valued at approximately $31,000. Camelot Portfolios LLC acquired a new stake in America Movil in the fourth quarter valued at approximately $31,000. Atlas Capital Advisors Inc. bought a new stake in shares of America Movil during the fourth quarter worth $37,000. Beacon Financial Strategies CORP acquired a new position in shares of America Movil during the fourth quarter worth $43,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of America Movil by 142.3% during 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 in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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.