America Movil (NYSE:AMX) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• America Movil's stock price has recently crossed above its 200-day moving average, indicating potential upward momentum, with the last trading price at $20.54.
• Analysts have mixed ratings for America Movil, with targets ranging from $18.77 to $22.00, and the consensus rating sitting at a "Moderate Buy."
• The company reported $0.38 EPS for the last quarter, missing the consensus estimate, while generating revenue of $12.50 billion, falling short of expectations.

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.27 and traded as high as $20.58. America Movil shares last traded at $20.54, with a volume of 2,591,048 shares traded.

Analyst Ratings Changes

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

America Movil Stock Up 1.9%

The firm's fifty day moving average is $19.07 and its 200 day moving average is $17.27. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. The stock has a market cap of $62.04 billion, a P/E ratio of 21.85 and a beta of 0.85.

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

Institutional Trading of America Movil

Several institutional investors have recently made changes to their positions in AMX. Brighton Jones LLC acquired a new position in America Movil in the fourth quarter valued at about $154,000. Voloridge Investment Management LLC acquired a new position in America Movil in the fourth quarter valued at approximately $4,045,000. Wealth Enhancement Advisory Services LLC lifted its holdings in America Movil by 86.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 30,800 shares of the Wireless communications provider's stock valued at $441,000 after buying an additional 14,290 shares during the period. Wellington Management Group LLP acquired a new position in America Movil in the fourth quarter valued at approximately $15,149,000. Finally, GAMMA Investing LLC increased its stake in America Movil by 3,713.1% in the first quarter. GAMMA Investing LLC now owns 14,604 shares of the Wireless communications provider's stock valued at $208,000 after purchasing an additional 14,221 shares in the last quarter. 6.30% of the stock is currently 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.

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