America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $29.52.

Several brokerages recently commented on AMX. JPMorgan Chase & Co. upgraded America Movil from a “neutral” rating to an “overweight” rating and upped their target price for the company from $30.00 to $32.00 in a report on Tuesday, August 18th. Wall Street Zen downgraded shares of America Movil from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 20th. Santander raised shares of America Movil from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research report on Thursday, August 13th. Finally, New Street Research restated a “buy” rating and issued a $35.00 target price on shares of America Movil in a report on Wednesday, June 17th.

America Movil Stock Down 0.1%

Shares of NYSE:AMX opened at $22.02 on Monday. The firm has a market cap of $66.18 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.12 and a beta of 0.62. America Movil has a 12-month low of $19.70 and a 12-month high of $28.46. The business has a fifty day simple moving average of $23.75 and a 200 day simple moving average of $25.11. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.90.

America Movil (NYSE:AMX) last released its quarterly earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.46 EPS for the quarter. The firm had revenue of $13.78 billion for the quarter. America Movil had a return on equity of 20.33% and a net margin of 9.38%. Analysts predict that America Movil will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On America Movil

Several large investors have recently added to or reduced their stakes in AMX. QRG Capital Management Inc. lifted its holdings in America Movil by 37.1% in the second quarter. QRG Capital Management Inc. now owns 24,007 shares of the Wireless communications provider’s stock worth $624,000 after buying an additional 6,493 shares during the period. Tidal Investments LLC boosted its position in shares of America Movil by 4.9% in the 2nd quarter. Tidal Investments LLC now owns 436,962 shares of the Wireless communications provider’s stock worth $11,357,000 after purchasing an additional 20,371 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in America Movil in the 2nd quarter worth about $82,000. NewEdge Advisors LLC grew its holdings in America Movil by 91.6% during the 2nd quarter. NewEdge Advisors LLC now owns 48,150 shares of the Wireless communications provider’s stock valued at $1,251,000 after purchasing an additional 23,025 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of America Movil during the 2nd quarter worth approximately $484,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Company Profile

América Móvil, SAB. de C.V. is a telecommunications company headquartered in Mexico City. It provides wireless and fixed-line voice services, mobile and fixed broadband, pay television, data transmission, information technology, and other digital communications services to consumers, businesses, and government customers.

The company operates primarily through the Telcel brand in Mexico and the Claro brand across much of Latin America and the Caribbean. Its operations also include services in the United States through TracFone Wireless and telecommunications businesses in Europe through its participation in Telekom Austria Group.