America Movil (NYSE:AMX) Sets New 12-Month High – Should You Buy?

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) shares hit a new 52-week high during trading on Monday . The company traded as high as $27.72 and last traded at $27.45, with a volume of 548949 shares trading hands. The stock had previously closed at $27.21.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AMX shares. Scotiabank boosted their price objective on shares of America Movil from $19.50 to $21.80 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Wall Street Zen downgraded shares of America Movil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. UBS Group boosted their price target on America Movil to $31.50 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. New Street Research upgraded America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. 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 research report on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.02.

America Movil Stock Performance

The stock has a market capitalization of $82.52 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 0.97 and a beta of 0.69. The company’s fifty day simple moving average is $25.32 and its 200 day simple moving average is $23.15. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97.

America Movil (NYSE:AMX) last posted its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $13.24 billion during the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. On average, equities research analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On America Movil

Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in shares of America Movil by 3.0% during the first quarter. PNC Financial Services Group Inc. now owns 26,009 shares of the Wireless communications provider’s stock worth $663,000 after acquiring an additional 759 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of America Movil by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,305,379 shares of the Wireless communications provider’s stock worth $109,695,000 after purchasing an additional 90,217 shares during the period. Modera Wealth Management LLC acquired a new stake in America Movil during the 1st quarter worth approximately $253,000. Assetmark Inc. lifted its holdings in America Movil by 5.7% during the 1st quarter. Assetmark Inc. now owns 195,693 shares of the Wireless communications provider’s stock worth $4,986,000 after purchasing an additional 10,547 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in America Movil by 5.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 10,290 shares of the Wireless communications provider’s stock valued at $262,000 after purchasing an additional 503 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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.