America Movil (NYSE:AMX) Sets New 12-Month High – Should You Buy?

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $27.72 and last traded at $27.45, with a volume of 548949 shares traded. The stock had previously closed at $27.21.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMX. Wall Street Zen lowered shares of America Movil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. JPMorgan Chase & Co. boosted their price target on America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Scotiabank upped their price objective on America Movil from $19.50 to $21.80 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Weiss Ratings downgraded America Movil from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, New Street Research raised America Movil from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, America Movil currently has a consensus rating of “Hold” and an average price target of $25.02.

America Movil Trading Up 0.8%

The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. The business’s 50-day moving average is $25.32 and its two-hundred day moving average is $23.15. The firm has a market cap of $82.52 billion, a P/E ratio of 17.46, a P/E/G ratio of 0.97 and a beta of 0.69.

America Movil (NYSE:AMX) last issued its quarterly 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 net margin of 9.23% and a return on equity of 19.77%. As a group, analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. American Century Companies Inc. increased its position in shares of America Movil by 79.4% during the 3rd quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock worth $51,352,000 after purchasing an additional 1,082,493 shares during the last quarter. TrueMark Investments LLC acquired a new stake in shares of America Movil in the 3rd quarter valued at approximately $2,350,000. Citigroup Inc. grew its stake in shares of America Movil by 21.3% in the third quarter. Citigroup Inc. now owns 348,781 shares of the Wireless communications provider’s stock valued at $7,324,000 after buying an additional 61,234 shares in the last quarter. Bailard Inc. bought a new position in shares of America Movil in the third quarter valued at $1,050,000. Finally, Nan Fung Trinity HK Ltd. increased its holdings in America Movil by 352.2% during the third quarter. Nan Fung Trinity HK Ltd. now owns 1,433,900 shares of the Wireless communications provider’s stock worth $30,112,000 after buying an additional 1,116,800 shares during the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

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.