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

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have earned an average rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $29.52.

A number of research analysts recently commented on AMX shares. Santander raised America Movil from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 13th. Wall Street Zen lowered shares of America Movil from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. upgraded shares of America Movil from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $32.00 in a research report on Tuesday, August 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a research note on Thursday, August 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Trust Co. of Vermont bought a new position in shares of America Movil during the second quarter worth about $39,000. Integrated Wealth Concepts LLC acquired a new position in shares of America Movil in the second quarter worth approximately $82,000. GAMMA Investing LLC acquired a new position in shares of America Movil in the third quarter worth approximately $68,000. TD Waterhouse Canada Inc. bought a new stake in America Movil in the third quarter valued at approximately $75,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in America Movil by 23.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,896 shares of the Wireless communications provider’s stock valued at $99,000 after acquiring an additional 739 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

America Movil Stock Up 0.2%

Shares of AMX opened at $22.87 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. America Movil has a 12 month low of $19.70 and a 12 month high of $28.46. The firm’s 50 day moving average is $22.69 and its 200-day moving average is $24.85. The stock has a market capitalization of $68.74 billion, a PE ratio of 13.78, a P/E/G ratio of 1.16 and a beta of 0.59.

America Movil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, October 20th. The Wireless communications provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. America Movil had a return on equity of 20.33% and a net margin of 9.38%. Equities research analysts forecast that America Movil will post 1.90 EPS for the current year.

America Movil Company Profile

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.