America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Receives $27.18 Consensus Target Price from Analysts

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $27.1833.

AMX has been the subject of several recent research reports. 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. New Street Research upgraded shares of America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. increased their target price on shares of America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. UBS Group raised their price objective on shares of America Movil to $31.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group began coverage on shares of America Movil in a research report on Monday, May 18th. They issued a “buy” rating and a $31.80 price objective for the company.

America Movil Price Performance

Shares of AMX opened at $26.22 on Tuesday. America Movil has a fifty-two week low of $16.60 and a fifty-two week high of $27.80. The company has a market capitalization of $78.91 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 0.95 and a beta of 0.69. The firm has a 50-day simple moving average of $25.85 and a 200-day simple moving average of $23.50. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.67 and a current ratio of 0.72.

America Movil (NYSE:AMX) last announced its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. The business had revenue of $13.24 billion during the quarter. On average, equities research analysts anticipate that America Movil will post 1.82 earnings per share for the current year.

Institutional Investors Weigh In On America Movil

Hedge funds have recently added to or reduced their stakes in the company. Camelot Portfolios LLC acquired a new stake in America Movil in the fourth quarter valued at about $31,000. Atlas Capital Advisors Inc. acquired a new stake in America Movil in the fourth quarter valued at about $37,000. EverSource Wealth Advisors LLC lifted its position in America Movil by 142.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,235 shares during the period. Beacon Financial Strategies CORP acquired a new stake in America Movil in the fourth quarter valued at about $43,000. Finally, Arax Advisory Partners lifted its position in America Movil by 34.0% in the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after purchasing an additional 612 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.