America Movil (NYSE:AMX) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Shares of America Movil have crossed above their 200-day moving average, reaching a high of $21.16, with the last trading price at $21.12.
• Analysts show a positive outlook for America Movil, with ratings ranging from "Strong Buy" to "Neutral," and target prices between $18.77 and $22.00.
• The company reported a quarterly earnings miss with an EPS of $0.38, falling short of the consensus estimate of $0.49; its revenue was significantly below expectations at $12.50 billion.

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.59 and traded as high as $21.16. America Movil shares last traded at $21.12, with a volume of 1,500,572 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of America Movil from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $15.00 to $21.00 in a report on Friday, August 8th. UBS Group boosted their target price on shares of America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a research note on Monday, July 28th. Citigroup cut shares of America Movil from a "buy" rating to a "neutral" rating and boosted their target price 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 investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $18.77.

America Movil Trading Up 2.0%

The company's 50 day moving average price is $19.62 and its 200 day moving average price is $17.59. 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 firm has a market cap of $63.77 billion, a PE ratio of 22.46 and a beta of 0.88.

America Movil (NYSE:AMX - Get Free Report) last posted 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 analysts' expectations of $233.77 billion. As a group, analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hilltop National Bank purchased a new position in America Movil in the second quarter worth approximately $27,000. Advantage Trust Co purchased a new position in America Movil in the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in America Movil by 142.3% during the second 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 in the last quarter. Garde Capital Inc. acquired a new stake in America Movil during the first quarter worth approximately $40,000. Finally, Maseco LLP acquired a new stake in America Movil during the second quarter worth approximately $54,000. Hedge funds and other institutional investors 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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