America Movil (NYSE:AMX) Sets New 52-Week High - Should You Buy?

Key Points

• America Movil reached a new 52-week high of $20.91, closing last at $20.83 with a volume of 233,004 shares traded.
• Analysts' sentiments are mixed, with Citigroup downgrading the stock from "buy" to "neutral," while Wall Street Zen upgraded it from "hold" to "buy." The current consensus is a "Moderate Buy" with a price target of $18.77.
• Institutional investors have been active, as various firms purchased stakes, increasing their ownership to 6.30% of America Movil, indicating growing interest in the telecommunications provider.

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $20.91 and last traded at $20.83, with a volume of 233004 shares traded. The stock had previously closed at $20.55.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AMX shares. Citigroup downgraded America Movil from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $20.00 to $22.00 in a research note on Wednesday, September 10th. UBS Group lifted their target price 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 note on Saturday, July 12th. Finally, JPMorgan Chase & Co. raised America Movil from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $15.00 to $21.00 in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, America Movil presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.77.

America Movil Price Performance

The firm has a market cap of $63.37 billion, a PE ratio of 22.32 and a beta of 0.85. The firm has a fifty day simple moving average of $19.07 and a two-hundred day simple moving average of $17.27. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.70 and a current ratio of 0.75.

America Movil (NYSE:AMX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.11). The firm had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $233.77 billion. America Movil had a net margin of 6.11% and a return on equity of 12.59%. Equities analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

Hedge Funds Weigh In On America Movil

Institutional investors have recently added to or reduced their stakes in the company. Hilltop National Bank purchased a new position in shares of America Movil in the 2nd quarter worth approximately $27,000. Advantage Trust Co purchased a new position in shares of America Movil in the 2nd quarter worth approximately $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 worth $38,000 after purchasing an additional 1,235 shares during the period. Garde Capital Inc. purchased a new position in shares of America Movil in the 1st quarter worth approximately $40,000. Finally, Maseco LLP purchased a new position in shares of America Movil in the 2nd quarter worth approximately $54,000. Hedge funds and other institutional investors own 6.30% of the company's stock.

About America Movil

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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