Analysts Set America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) PT at $23.26

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) has been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $23.2571.

AMX has been the subject of several research reports. UBS Group restated a “buy” rating and set a $30.00 price objective (up from $23.60) on shares of America Movil in a research report on Tuesday, February 24th. Santander downgraded shares of America Movil from an “outperform” rating to a “neutral” rating in a report on Friday, December 12th. Zacks Research cut shares of America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Wall Street Zen raised America Movil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st.

America Movil Stock Down 2.5%

AMX opened at $23.78 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.68 and a current ratio of 0.74. The company has a market capitalization of $71.70 billion, a PE ratio of 16.63 and a beta of 0.72. The stock’s fifty day moving average is $22.18 and its 200-day moving average is $21.70. America Movil has a one year low of $13.10 and a one year high of $26.16.

America Movil (NYSE:AMX) last announced 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 net margin of 8.78% and a return on equity of 18.92%. The firm had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.09 billion. On average, equities analysts predict that America Movil will post 1.51 EPS for the current fiscal year.

Institutional Trading of America Movil

Hedge funds have recently bought and sold shares of the company. Corient Private Wealth LLC increased its position in shares of America Movil by 0.6% in the fourth quarter. Corient Private Wealth LLC now owns 66,871 shares of the Wireless communications provider’s stock worth $1,377,000 after acquiring an additional 419 shares in the last quarter. Axxcess Wealth Management LLC grew its position in America Movil by 1.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 36,505 shares of the Wireless communications provider’s stock worth $755,000 after purchasing an additional 430 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in America Movil by 3.6% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock worth $273,000 after purchasing an additional 455 shares in the last quarter. Arax Advisory Partners raised its stake in America Movil by 34.0% during the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after purchasing an additional 612 shares during the period. Finally, Profund Advisors LLC raised its stake in America Movil by 1.7% during the 2nd quarter. Profund Advisors LLC now owns 39,561 shares of the Wireless communications provider’s stock valued at $710,000 after purchasing an additional 666 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

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.