America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Given Consensus Rating of “Hold” by Brokerages

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) has earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $23.40.

Several analysts have recently commented on AMX shares. Wall Street Zen upgraded America Movil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. JPMorgan Chase & Co. upped their price target on America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a research note on Wednesday, March 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st. Bank of America initiated coverage on America Movil in a research note on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price objective for the company. Finally, UBS Group reaffirmed a “buy” rating and set a $30.00 target price (up from $23.60) on shares of America Movil in a research report on Tuesday, February 24th.

America Movil Stock Down 0.1%

Shares of NYSE AMX opened at $24.79 on Monday. The firm has a market cap of $74.74 billion, a PE ratio of 17.33 and a beta of 0.72. America Movil has a 12-month low of $13.10 and a 12-month high of $26.16. The company’s fifty day simple moving average is $23.21 and its 200 day simple moving average is $22.15. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.01.

America Movil (NYSE:AMX) last posted its quarterly earnings results 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). America Movil had a net margin of 8.78% and a return on equity of 18.92%. The company had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $13.09 billion. As a group, sell-side analysts forecast that America Movil will post 1.51 earnings per share for the current fiscal year.

Institutional Trading of America Movil

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC lifted its stake in shares of America Movil by 8.8% in the third quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock valued at $371,774,000 after buying an additional 1,430,626 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of America Movil by 93.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock worth $173,151,000 after acquiring an additional 4,053,838 shares in the last quarter. Boston Partners increased its position in shares of America Movil by 7.3% during the fourth quarter. Boston Partners now owns 4,835,629 shares of the Wireless communications provider’s stock worth $99,952,000 after acquiring an additional 326,890 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of America Movil by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,215,162 shares of the Wireless communications provider’s stock worth $87,129,000 after acquiring an additional 71,182 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of America Movil by 9.8% in the 4th quarter. Morgan Stanley now owns 3,970,788 shares of the Wireless communications provider’s stock worth $82,076,000 after acquiring an additional 353,632 shares during the last quarter. Institutional investors 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.