America Movil SAB de CV ADR Series L (NYSE:AMX) was upgraded by investment analysts at New Street Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage presently has a $16.50 target price on the Wireless communications provider’s stock. New Street Research’s target price points to a potential upside of 26.63% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Industrial Alliance Securities assumed coverage on shares of America Movil SAB de CV ADR Series L in a report on Tuesday, June 23rd. They set a “speculative buy” rating and a $3.00 price objective for the company. Itau BBA Securities raised shares of America Movil SAB de CV ADR Series L from a “market perform” rating to an “outperform” rating and set a $15.00 target price for the company in a report on Thursday, June 4th. Zacks Investment Research raised shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Friday, September 4th. Scotiabank upped their target price on shares of America Movil SAB de CV ADR Series L from $16.00 to $17.00 and gave the company a “sector outperform” rating in a report on Thursday, July 16th. Finally, Barclays upped their target price on shares of America Movil SAB de CV ADR Series L from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $12.43.

AMX opened at $13.03 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.81 and a debt-to-equity ratio of 3.38. The firm has a 50 day moving average price of $12.64 and a 200-day moving average price of $12.81. America Movil SAB de CV ADR Series L has a twelve month low of $10.12 and a twelve month high of $18.03. The stock has a market capitalization of $42.66 billion, a price-to-earnings ratio of 38.32, a PEG ratio of 2.74 and a beta of 0.66.

America Movil SAB de CV ADR Series L (NYSE:AMX) last released its quarterly earnings data on Tuesday, July 14th. The Wireless communications provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). America Movil SAB de CV ADR Series L had a net margin of 2.31% and a return on equity of 10.13%. The company had revenue of $10.80 billion for the quarter, compared to analysts’ expectations of $10.65 billion. As a group, analysts expect that America Movil SAB de CV ADR Series L will post 0.31 earnings per share for the current year.

Several large investors have recently modified their holdings of AMX. Amundi Pioneer Asset Management Inc. boosted its position in shares of America Movil SAB de CV ADR Series L by 0.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 298,600 shares of the Wireless communications provider’s stock worth $4,264,000 after acquiring an additional 2,500 shares during the last quarter. First Trust Advisors LP lifted its position in America Movil SAB de CV ADR Series L by 2.0% during the first quarter. First Trust Advisors LP now owns 985,684 shares of the Wireless communications provider’s stock valued at $11,611,000 after purchasing an additional 19,492 shares during the last quarter. Bartlett & Co. LLC bought a new position in America Movil SAB de CV ADR Series L during the first quarter valued at $99,000. PNC Financial Services Group Inc. lifted its position in America Movil SAB de CV ADR Series L by 22.3% during the first quarter. PNC Financial Services Group Inc. now owns 62,095 shares of the Wireless communications provider’s stock valued at $732,000 after purchasing an additional 11,331 shares during the last quarter. Finally, Royal Fund Management LLC bought a new position in America Movil SAB de CV ADR Series L during the first quarter valued at $78,000. Hedge funds and other institutional investors own 7.28% of the company’s stock.

America Movil SAB de CV ADR Series L Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America, the United States, the Caribbean, and Europe. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as 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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Analyst Recommendations for America Movil SAB de CV ADR Series L (NYSE:AMX)

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