America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.68 and last traded at $21.34, with a volume of 1363664 shares traded. The stock had previously closed at $21.17.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on AMX. Citigroup lowered America Movil from a "buy" rating to a "neutral" rating and upped their target price for the stock from $20.00 to $22.00 in a report on Wednesday, September 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of America Movil in a report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded America Movil from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $15.00 to $21.00 in a report on Friday, August 8th. Wall Street Zen upgraded America Movil from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, UBS Group upped their price objective on America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.75.
View Our Latest Analysis on America Movil
America Movil Stock Up 0.8%
The firm has a market cap of $64.45 billion, a price-to-earnings ratio of 22.70 and a beta of 0.88. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.75 and a quick ratio of 0.70. The stock has a 50-day moving average of $20.03 and a 200-day moving average of $17.97.
America Movil (NYSE:AMX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.11). The company had revenue of $12.50 billion for the quarter, compared to analyst estimates of $233.77 billion. America Movil had a return on equity of 12.59% and a net margin of 6.11%. Sell-side analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.
Institutional Investors Weigh In On America Movil
A number of large investors have recently added to or reduced their stakes in AMX. Hilltop National Bank acquired a new stake in shares of America Movil in the 2nd quarter valued at $27,000. Advantage Trust Co acquired a new stake in shares of America Movil in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of America Movil by 142.3% in 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 in the last quarter. Garde Capital Inc. acquired a new stake in shares of America Movil in the 1st quarter valued at $40,000. Finally, Maseco LLP acquired a new stake in shares of America Movil in the 2nd quarter valued at $54,000. Institutional investors and hedge funds own 6.30% of the company's stock.
About America Movil
(
Get Free Report)
América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.
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