America Movil (NYSE:AMX) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.15 and traded as high as $27.25. America Movil shares last traded at $27.2370, with a volume of 981,617 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Scotiabank increased their target price on America Movil from $19.50 to $21.80 and gave the company a “sector perform” rating in a report on Monday, March 30th. UBS Group increased their target price on America Movil to $31.50 and gave the company a “buy” rating in a report on Thursday, April 23rd. New Street Research raised America Movil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. increased their target price on America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Finally, Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.02.

America Movil Stock Up 1.8%

The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $25.32 and a 200-day moving average price of $23.15. The firm has a market capitalization of $81.98 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 0.97 and a beta of 0.69.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $13.24 billion during the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%. Equities research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On America Movil

A number of large investors have recently made changes to their positions in the stock. Corient Private Wealth LLC grew 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 valued at $1,377,000 after purchasing an additional 419 shares in the last quarter. Axxcess Wealth Management LLC grew its position in shares of America Movil by 1.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 36,505 shares of the Wireless communications provider’s stock valued at $755,000 after purchasing an additional 430 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in shares of America Movil by 3.6% in the third quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock valued at $273,000 after purchasing an additional 455 shares in the last quarter. Checchi Capital Advisers LLC grew its position in shares of America Movil by 5.1% in the first quarter. Checchi Capital Advisers LLC now owns 10,290 shares of the Wireless communications provider’s stock valued at $262,000 after purchasing an additional 503 shares in the last quarter. Finally, Arax Advisory Partners grew its position in shares of America Movil by 34.0% in the fourth 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 in the last quarter. 6.30% of the stock is currently 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.