Analysts Set America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) PT at $29.52

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $29.5167.

A number of equities analysts recently issued reports on AMX shares. Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a report on Monday, July 20th. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a research note on Thursday, August 13th. JPMorgan Chase & Co. upgraded shares of America Movil from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $30.00 to $32.00 in a report on Tuesday, August 18th. New Street Research reaffirmed a “buy” rating and issued a $35.00 price objective on shares of America Movil in a research note on Wednesday, June 17th. Finally, Scotiabank reduced their price objective on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a report on Wednesday, May 27th.

Hedge Funds Weigh In On America Movil

Several large investors have recently added to or reduced their stakes in AMX. Corient Private Wealth LLC raised its holdings in shares of America Movil by 0.7% in the fourth quarter. Corient Private Wealth LLC now owns 66,920 shares of the Wireless communications provider’s stock valued at $1,383,000 after purchasing an additional 468 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in America Movil by 5.1% during the first quarter. Checchi Capital Advisers LLC now owns 10,290 shares of the Wireless communications provider’s stock worth $262,000 after purchasing an additional 503 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in America Movil by 23.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,896 shares of the Wireless communications provider’s stock worth $99,000 after purchasing an additional 739 shares in the last quarter. PNC Financial Services Group Inc. grew its position in America Movil by 3.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 26,009 shares of the Wireless communications provider’s stock worth $663,000 after purchasing an additional 759 shares in the last quarter. Finally, Genus Capital Management Inc. increased its stake in America Movil by 7.1% in the 4th quarter. Genus Capital Management Inc. now owns 15,079 shares of the Wireless communications provider’s stock valued at $312,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

America Movil Stock Performance

Shares of AMX opened at $22.08 on Monday. America Movil has a one year low of $19.70 and a one year high of $28.46. The company has a market cap of $66.34 billion, a PE ratio of 13.30, a P/E/G ratio of 1.13 and a beta of 0.62. The stock has a 50-day moving average of $23.92 and a 200-day moving average of $25.14. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.71 and a quick ratio of 0.66.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share for the quarter. America Movil had a return on equity of 20.33% and a net margin of 9.38%.The business had revenue of $13.78 billion for the quarter. On average, equities research analysts predict that America Movil will post 1.9 EPS for the current fiscal year.

America Movil Company Profile

América Móvil, SAB. de C.V. is a telecommunications company headquartered in Mexico City. It provides wireless and fixed-line voice services, mobile and fixed broadband, pay television, data transmission, information technology, and other digital communications services to consumers, businesses, and government customers.

The company operates primarily through the Telcel brand in Mexico and the Claro brand across much of Latin America and the Caribbean. Its operations also include services in the United States through TracFone Wireless and telecommunications businesses in Europe through its participation in Telekom Austria Group.