America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Stock Has Consensus Price Target of $29.52

Key Points

• Analysts have a “Moderate Buy” consensus on America Movil, with four buy ratings, four holds, and one strong-buy rating. The average 12-month price target is $29.52, above the reported share price of $22.45.
• Recent analyst sentiment improved, including JPMorgan’s upgrade to “overweight” and an increase in its price target from $30 to $32; Santander also upgraded the stock to “outperform.”
• America Movil reported quarterly revenue of $13.78 billion and earnings of $0.46 per share, while institutional investors collectively own 6.30% of the company and several major firms increased their stakes.

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $29.52.

A number of research analysts have commented on AMX shares. Wall Street Zen cut America Movil from a "strong-buy" rating to a "buy" rating in a research note on Monday, July 20th. Santander upgraded America Movil from a "neutral" rating to an "outperform" rating in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of America Movil in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. upgraded America Movil from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $30.00 to $32.00 in a report on Tuesday, August 18th.

America Movil Stock Performance

Shares of AMX stock opened at $22.45 on Friday. The firm's 50 day moving average price is $22.74 and its 200-day moving average price is $24.90. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 0.71. America Movil has a one year low of $19.70 and a one year high of $28.46. The firm has a market cap of $67.45 billion, a P/E ratio of 13.52, a P/E/G ratio of 1.11 and a beta of 0.59.

America Movil (NYSE:AMX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share for the quarter. America Movil had a net margin of 9.38% and a return on equity of 20.33%. The firm had revenue of $13.78 billion during the quarter. As a group, equities research analysts predict that America Movil will post 1.90 EPS for the current year.

Institutional Trading of America Movil

Institutional investors and hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC lifted its position in shares of America Movil by 17.8% during the first quarter. Lazard Asset Management LLC now owns 20,807,915 shares of the Wireless communications provider's stock worth $530,186,000 after purchasing an additional 3,140,360 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of America Movil by 314.2% in the first quarter. Bank of America Corp DE now owns 2,272,406 shares of the Wireless communications provider's stock valued at $57,901,000 after purchasing an additional 1,723,717 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of America Movil by 55.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,150,649 shares of the Wireless communications provider's stock valued at $23,784,000 after purchasing an additional 408,125 shares in the last quarter. ABC Arbitrage SA increased its stake in America Movil by 316.3% during the 1st quarter. ABC Arbitrage SA now owns 416,914 shares of the Wireless communications provider's stock worth $10,623,000 after buying an additional 316,767 shares during the period. Finally, Amundi increased its stake in America Movil by 11.2% during the 1st quarter. Amundi now owns 2,381,539 shares of the Wireless communications provider's stock worth $60,682,000 after buying an additional 239,057 shares during the period. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

America Movil Company Profile

América Móvil, SAB. de C.V. NYSE: AMX is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data plans, broadband internet, fixed-line telephony, pay television, and related digital and information technology services for consumers, businesses, and other organizations.

The company operates through well-known brands including Telcel in Mexico and Claro across much of Latin America. Its services reach customers in Mexico, Brazil, Colombia, Chile, Peru, Ecuador, Argentina, Central America, and the Caribbean, among other markets.

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