America Movil (NYSE:AMX) Hits New 1-Year High - Still a Buy?

Key Points

• America Movil's stock reached a new 52-week high of $20.72 during trading, indicating strong market interest and performance.
• Several analysts have recently changed their ratings on the stock, with Citigroup downgrading it to "neutral" but raising its target price to $22.00.
• The company reported earnings that fell short of expectations, with an EPS of $0.38, missing the consensus estimate by $0.11.

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.72 and last traded at $20.62, with a volume of 93945 shares trading hands. The stock had previously closed at $20.41.

Analyst Ratings Changes

A number of research firms have issued reports on AMX. Citigroup downgraded America Movil from a "buy" rating to a "neutral" rating and boosted their price target for the company from $20.00 to $22.00 in a research note on Wednesday, September 10th. UBS Group boosted their price target on America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, JPMorgan Chase & Co. raised America Movil from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $15.00 to $21.00 in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $18.77.

America Movil Trading Down 1.4%

The company has a 50-day moving average price of $19.01 and a two-hundred day moving average price of $17.20. The stock has a market cap of $60.79 billion, a P/E ratio of 21.41 and a beta of 0.86. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02.

America Movil (NYSE:AMX - Get Free Report) last announced its quarterly earnings data 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 12.59%. The business had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $233.77 billion. On average, research analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

Institutional Trading of America Movil

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its holdings in America Movil by 43.3% in the second quarter. Osaic Holdings Inc. now owns 42,231 shares of the Wireless communications provider's stock valued at $737,000 after purchasing an additional 12,767 shares during the period. Geneos Wealth Management Inc. purchased a new position in America Movil during the second quarter worth approximately $54,000. Rexford Capital Inc. purchased a new position in America Movil during the second quarter worth approximately $198,000. Evergreen Capital Management LLC purchased a new position in America Movil during the second quarter worth approximately $746,000. Finally, Tower Research Capital LLC TRC purchased a new position in America Movil during the second quarter worth approximately $145,000. 6.30% of the stock is owned by institutional investors and hedge funds.

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.