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

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) has earned an average rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $23.2571.

Several brokerages have recently weighed in on AMX. UBS Group reissued a “buy” rating and set a $30.00 price objective (up from $23.60) on shares of America Movil in a report on Tuesday, February 24th. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Zacks Research downgraded shares of America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Finally, Bank of America assumed coverage on shares of America Movil in a research note on Thursday, December 11th. They set a “neutral” rating and a $26.00 price target for the company.

America Movil Stock Up 2.2%

AMX stock opened at $25.08 on Thursday. The stock has a market capitalization of $75.62 billion, a price-to-earnings ratio of 17.54 and a beta of 0.72. The company has a 50-day moving average of $22.05 and a two-hundred day moving average of $21.63. America Movil has a 52-week low of $13.10 and a 52-week high of $26.16. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.68.

America Movil (NYSE:AMX) last posted its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $13.59 billion for the quarter, compared to analyst estimates of $13.09 billion. America Movil had a return on equity of 18.92% and a net margin of 8.78%. As a group, equities research analysts anticipate that America Movil will post 1.51 EPS for the current year.

Institutional Trading of America Movil

Several institutional investors have recently bought and sold shares of AMX. Trust Co. of Vermont bought a new stake in America Movil during the third quarter worth about $31,000. Camelot Portfolios LLC bought a new stake in shares of America Movil during the 4th quarter valued at $31,000. Atlas Capital Advisors Inc. acquired a new position in America Movil in the fourth quarter valued at about $37,000. Beacon Financial Strategies CORP acquired a new position in shares of America Movil during the 4th quarter worth about $43,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of America Movil by 142.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after acquiring an additional 1,235 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

About America Movil

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.