America Movil (NYSE:AMX) Price Target Raised to $21.10 at UBS Group

Key Points

• UBS Group has raised the price target for America Movil shares from $20.40 to $21.10, indicating a potential upside of 16.09% from the current price.
• HSBC Global Res upgraded America Movil from a "hold" to a "strong-buy" rating, boosting its target price to $17.50, reflecting increased confidence in the company's performance.
• Despite a recent earnings miss with a reported EPS of $0.38, analysts expect America Movil to post an EPS of 1.51 for the current year, suggesting optimism about future profitability.

America Movil (NYSE:AMX - Get Free Report) had its target price raised by investment analysts at UBS Group from $20.40 to $21.10 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the Wireless communications provider's stock. UBS Group's target price points to a potential upside of 16.09% from the stock's current price.

Other equities analysts have also recently issued reports about the company. Hsbc Global Res upgraded America Movil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. HSBC upgraded America Movil from a "hold" rating to a "buy" rating and lifted their target price for the stock from $15.50 to $17.50 in a report on Monday, April 14th. Finally, Wall Street Zen upgraded America Movil from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.92.

America Movil Stock Performance

AMX traded down $0.30 during trading hours on Monday, hitting $18.18. The company's stock had a trading volume of 1,742,612 shares, compared to its average volume of 2,233,848. America Movil has a fifty-two week low of $13.10 and a fifty-two week high of $18.51. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $55.16 billion, a PE ratio of 19.34 and a beta of 0.79. The company has a 50-day simple moving average of $17.44 and a 200 day simple moving average of $15.83.

America Movil (NYSE:AMX - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.11). America Movil had a net margin of 6.11% and a return on equity of 12.60%. The business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $233.77 billion. As a group, sell-side analysts expect that America Movil will post 1.51 EPS for the current year.

Institutional Trading of America Movil

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in America Movil by 278.8% during the fourth quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock valued at $146,191,000 after buying an additional 7,519,147 shares in the last quarter. Lazard Asset Management LLC raised its holdings in America Movil by 12.6% during the fourth quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock valued at $201,621,000 after buying an additional 1,571,290 shares in the last quarter. BNP Paribas Financial Markets bought a new position in America Movil during the fourth quarter valued at about $16,791,000. Millennium Management LLC raised its holdings in America Movil by 279.3% during the first quarter. Millennium Management LLC now owns 1,447,032 shares of the Wireless communications provider's stock valued at $20,577,000 after buying an additional 1,065,538 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in America Movil during the fourth quarter valued at about $15,149,000. Institutional investors and hedge funds own 6.30% of the company's stock.

America Movil Company Profile

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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