America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• America Movil, S.A.B. de C.V. has an average consensus rating of “Moderate Buy” from eight analysts, with an average 12-month price target of $18.77.
• UBS Group recently increased its target price for America Movil from $20.40 to $21.10, while Citigroup raised its target from $20.00 to $22.00.
• The company reported $0.38 EPS in its last earnings announcement, falling short of the consensus estimate of $0.49 EPS.

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) has earned an average rating of "Moderate Buy" from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $18.7667.

Several analysts have recently issued reports on AMX shares. UBS Group upped their target price on shares of America Movil from $20.40 to $21.10 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen upgraded shares of America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Weiss Ratings restated a "hold (c)" rating on shares of America Movil in a research report on Saturday, September 27th. Citigroup lowered shares of America Movil from a "buy" rating to a "neutral" rating and increased their price target for the company from $20.00 to $22.00 in a research report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. upgraded shares of America Movil from an "underweight" rating to a "neutral" rating and increased their price target for the company from $15.00 to $21.00 in a research report on Friday, August 8th.

America Movil Stock Performance

NYSE AMX opened at $20.95 on Monday. America Movil has a 1 year low of $13.10 and a 1 year high of $21.52. 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 $63.27 billion, a price-to-earnings ratio of 22.29 and a beta of 0.88. The company has a fifty day moving average price of $19.67 and a 200-day moving average price of $17.68.

America Movil (NYSE:AMX - Get Free Report) last posted its earnings results 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 firm had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $233.77 billion. As a group, equities research analysts predict that America Movil 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 stock. Hilltop National Bank bought a new position in America Movil during the second quarter valued at about $27,000. Advantage Trust Co bought a new position in America Movil during the second quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its position 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 during the period. Garde Capital Inc. bought a new position in America Movil during the first quarter worth about $40,000. Finally, Maseco LLP bought a new position in America Movil during the second quarter worth about $54,000. 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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