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

Key Points

• Analyst consensus: America Movil carries an average rating of "Hold" from 10 brokerages (7 hold, 3 buy) with a 12‑month consensus price target of $25.02.
• Latest quarter: The company reported EPS of $0.44 (missing estimates by $0.02) while revenue of $13.21 billion beat expectations of $12.76 billion.
• Stock metrics: AMX opened at $26.06, trading near its 1‑year high of $27.70 (1‑year low $16.29), with a market cap of ~$78.6 billion and a P/E of 16.6.

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) has earned an average rating of "Hold" from the ten brokerages that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $25.0167.

Several research firms have issued reports on AMX. Scotiabank lifted their price target on America Movil from $19.50 to $21.80 and gave the company a "sector perform" rating in a research note on Monday, March 30th. New Street Research upgraded America Movil from a "neutral" rating to a "buy" rating in a report on Tuesday, April 7th. Wall Street Zen cut America Movil from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 18th. Weiss Ratings restated a "hold (c)" rating on shares of America Movil in a report on Monday. Finally, JPMorgan Chase & Co. raised their price objective on America Movil from $23.50 to $24.50 and gave the company a "neutral" rating in a report on Wednesday, March 11th.

Hedge Funds Weigh In On America Movil

Several hedge funds have recently modified their holdings of AMX. Trust Co. of Vermont bought a new position in shares of America Movil in the 3rd quarter valued at about $31,000. Camelot Portfolios LLC bought a new position in shares of America Movil in the 4th quarter valued at about $31,000. Atlas Capital Advisors Inc. bought a new position in shares of America Movil in the 4th quarter valued at about $37,000. EverSource Wealth Advisors LLC grew 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 valued at $38,000 after acquiring an additional 1,235 shares in the last quarter. Finally, Beacon Financial Strategies CORP bought a new position in shares of America Movil in the 4th quarter valued at about $43,000. Institutional investors own 6.30% of the company's stock.

America Movil Stock Performance

AMX opened at $26.06 on Friday. The business's 50-day moving average price is $24.93 and its two-hundred day moving average price is $22.84. America Movil has a 1 year low of $16.29 and a 1 year high of $27.70. The company has a market capitalization of $78.56 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 0.93 and a beta of 0.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.68.

America Movil (NYSE:AMX - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The Wireless communications provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). America Movil had a net margin of 9.23% and a return on equity of 20.43%. The firm had revenue of $13.21 billion during the quarter, compared to analyst estimates of $12.76 billion. Equities analysts expect that America Movil will post 1.83 EPS for the current fiscal year.

About America Movil

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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