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

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $22.3429.

AMX has been the subject of a number of analyst reports. Scotiabank raised their price target on shares of America Movil from $17.10 to $19.50 and gave the stock a “sector perform” rating in a research note on Thursday, October 16th. Zacks Research cut America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Wall Street Zen upgraded America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. UBS Group boosted their price target on America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Santander lowered America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th.

America Movil Stock Up 1.0%

Shares of AMX stock opened at $21.49 on Friday. America Movil has a one year low of $13.10 and a one year high of $23.68. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a fifty day moving average price of $20.96 and a 200 day moving average price of $20.90. The stock has a market cap of $64.79 billion, a P/E ratio of 17.47 and a beta of 0.76.

Hedge Funds Weigh In On America Movil

Several institutional investors have recently added to or reduced their stakes in the company. TrueMark Investments LLC bought a new position in shares of America Movil in the third quarter worth about $2,350,000. GAM Holding AG acquired a new stake in shares of America Movil in the third quarter valued at approximately $1,619,000. Allworth Financial LP increased its holdings in shares of America Movil by 492.7% in the second quarter. Allworth Financial LP now owns 33,937 shares of the Wireless communications provider’s stock valued at $609,000 after purchasing an additional 28,211 shares in the last quarter. Boston Partners raised its position in America Movil by 6,421.7% in the 2nd quarter. Boston Partners now owns 4,127,267 shares of the Wireless communications provider’s stock worth $74,043,000 after purchasing an additional 4,063,982 shares during the last quarter. Finally, Bailard Inc. acquired a new position in America Movil during the 3rd quarter worth $1,050,000. 6.30% of the stock is owned by institutional investors.

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.