America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Receives $23.40 Consensus PT from Brokerages

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $23.7286.

Several equities research analysts recently weighed in 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. Bank of America started coverage on America Movil in a research report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Zacks Research cut shares of America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, Santander downgraded shares of America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th.

Hedge Funds Weigh In On America Movil

Hedge funds have recently modified their holdings of the company. Trust Co. of Vermont bought a new position in shares of America Movil during the third quarter valued at about $31,000. Camelot Portfolios LLC bought a new stake in shares of America Movil in the fourth quarter worth about $31,000. Atlas Capital Advisors Inc. bought a new stake in shares of America Movil in the fourth quarter worth about $37,000. EverSource Wealth Advisors LLC increased its holdings in America Movil by 142.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,235 shares during the period. Finally, Beacon Financial Strategies CORP purchased a new position in America Movil during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

America Movil Stock Performance

America Movil stock opened at $25.58 on Monday. The firm has a fifty day simple moving average of $23.49 and a two-hundred day simple moving average of $22.25. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.01. America Movil has a twelve month low of $13.10 and a twelve month high of $26.16. The company has a market capitalization of $77.11 billion, a PE ratio of 17.88 and a beta of 0.71.

America Movil (NYSE:AMX) last announced its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The company had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.09 billion. America Movil had a net margin of 8.78% and a return on equity of 18.92%. Research analysts expect that America Movil will post 1.51 EPS for the current year.

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.