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 Friday . The stock has a 200-day moving average of $23.15 and traded as high as $27.25. America Movil shares last traded at $27.2370, with a volume of 981,617 shares changing hands.
Analyst Upgrades and Downgrades
Several research firms have weighed in on AMX. Scotiabank increased their price objective on America Movil from $19.50 to $21.80 and gave the stock a "sector perform" rating in a report on Monday, March 30th. Wall Street Zen lowered America Movil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 18th. UBS Group increased their target price on America Movil to $31.50 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Weiss Ratings lowered America Movil from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday. Finally, New Street Research raised America Movil from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 7th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, America Movil has a consensus rating of "Hold" and an average target price of $25.02.
Read Our Latest Report on AMX
America Movil Trading Up 1.8%
The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.67 and a current ratio of 0.72. The firm has a market cap of $81.98 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 0.96 and a beta of 0.69. The stock has a fifty day simple moving average of $25.32 and a 200 day simple moving average of $23.15.
America Movil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. The company had revenue of $13.24 billion during the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%. On average, research analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.85 earnings per share for the current fiscal year.
Hedge Funds Weigh In On America Movil
Several large investors have recently made changes to their positions in the business. Lazard Asset Management LLC lifted its position in shares of America Movil by 8.8% in the third quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider's stock worth $371,774,000 after buying an additional 1,430,626 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of America Movil by 93.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider's stock worth $173,151,000 after buying an additional 4,053,838 shares in the last quarter. Boston Partners lifted its position in shares of America Movil by 7.3% in the fourth quarter. Boston Partners now owns 4,835,629 shares of the Wireless communications provider's stock worth $99,952,000 after buying an additional 326,890 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of America Movil by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,305,379 shares of the Wireless communications provider's stock worth $109,695,000 after buying an additional 90,217 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of America Movil by 9.8% in the fourth quarter. Morgan Stanley now owns 3,970,788 shares of the Wireless communications provider's stock worth $82,076,000 after buying an additional 353,632 shares in the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.
About America Movil
(
Get Free Report)
América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family's telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.
The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.
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