America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Receives Consensus Rating of “Hold” from Brokerages

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have received a consensus rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $23.40.

A number of analysts recently commented on the company. UBS Group reiterated a “buy” rating and set a $30.00 price target (up from $23.60) on shares of America Movil in a report on Tuesday, February 24th. Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Bank of America began coverage on America Movil in a research report on Thursday, December 11th. They set a “neutral” rating and a $26.00 target price for the company. JPMorgan Chase & Co. lifted their target price on America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMX. American Century Companies Inc. raised its holdings in shares of America Movil by 79.4% in the 3rd quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock worth $51,352,000 after purchasing an additional 1,082,493 shares during the period. TrueMark Investments LLC purchased a new stake in America Movil in the third quarter worth $2,350,000. GAM Holding AG purchased a new stake in America Movil in the third quarter worth $1,619,000. Citigroup Inc. increased its position in America Movil by 21.3% in the third quarter. Citigroup Inc. now owns 348,781 shares of the Wireless communications provider’s stock worth $7,324,000 after buying an additional 61,234 shares during the last quarter. Finally, Allworth Financial LP increased its position in America Movil by 492.7% in the second quarter. Allworth Financial LP now owns 33,937 shares of the Wireless communications provider’s stock worth $609,000 after buying an additional 28,211 shares during the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

America Movil Trading Down 0.8%

NYSE:AMX opened at $23.72 on Thursday. America Movil has a 52 week low of $13.10 and a 52 week high of $26.16. The firm has a 50-day moving average price of $22.36 and a two-hundred day moving average price of $21.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.68 and a current ratio of 0.74. The firm has a market cap of $71.52 billion, a price-to-earnings ratio of 16.59 and a beta of 0.72.

America Movil (NYSE:AMX) last announced its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The business had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $13.09 billion. America Movil had a return on equity of 18.92% and a net margin of 8.78%. On average, equities analysts expect that America Movil will post 1.51 earnings per share for the current fiscal year.

America Movil Company Profile

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.