America Movil (NYSE:AMX) Sets New 12-Month High Following Analyst Upgrade

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) reached a new 52-week high during trading on Wednesday after New Street Research upgraded the stock from a neutral rating to a buy rating. The company traded as high as $26.71 and last traded at $26.4070, with a volume of 194289 shares traded. The stock had previously closed at $25.69.

AMX has been the subject of a number of other reports. Santander cut shares of America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. Bank of America started coverage on shares of America Movil in a research report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 target price for the company. Zacks Research cut shares of America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, America Movil currently has a consensus rating of “Hold” and an average target price of $23.73.

Institutional Investors Weigh In On America Movil

A number of institutional investors have recently modified their holdings of AMX. Brighton Jones LLC bought a new stake in shares of America Movil in the fourth quarter valued at about $154,000. Royal Bank of Canada boosted its position in shares of America Movil by 16.9% in the first quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock valued at $5,339,000 after acquiring an additional 54,152 shares during the period. Jones Financial Companies Lllp lifted its position in America Movil by 2,189.8% during the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock worth $330,000 after purchasing an additional 22,226 shares during the period. Goldman Sachs Group Inc. lifted its position in America Movil by 15.2% during the first quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock worth $11,071,000 after purchasing an additional 102,545 shares during the period. Finally, Jane Street Group LLC lifted its position in America Movil by 9.5% during the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock worth $719,000 after purchasing an additional 4,373 shares during the period. Institutional investors own 6.30% of the company’s stock.

America Movil Price Performance

The company’s 50-day moving average is $23.96 and its two-hundred day moving average is $22.43. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.68. The firm has a market cap of $79.28 billion, a P/E ratio of 18.39 and a beta of 0.71.

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). America Movil had a return on equity of 18.92% and a net margin of 8.78%.The firm had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.09 billion. Sell-side analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

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.