America Movil S.A.B. de C.V. Rating Reiterated by Zacks (AMX)
America Movil S.A.B. de C.V. (NYSE:AMX)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Friday, StockRatingsNetwork reports. They currently have a $21.00 target price on the stock. Zacks‘ target price suggests a potential upside of 4.06% from the company’s current price.
Zacks‘ analyst wrote, “We maintain our Neutral recommendation on America Movil. The company has a strong grip over the Latin American wireless market and is currently implementing its 4G network across various Latin America. Increased penetration of 4G mobile services and a competitive pricing policy are expected to boost the company’s growth prospects. Further, America Movil remains focused on expanding the PayTV platform, which is one of its highest revenue contributors. America Movil’s various partnerships with other firms will likely enhance its networks within Latin America as well as in offshore key markets such as Asia and the Middle East. Nevertheless, we prefer to stay on the sidelines considering the unstable economic conditions, regulatory issues, a stiff competitive scenario, huge customer churn and high spending associated with promotional activity.”
AMX has been the subject of a number of other recent research reports. Analysts at Scotiabank raised their price target on shares of America Movil S.A.B. de C.V. (NYSE:AMX) from $18.00 to $19.00 in a research note to investors on Tuesday, August 27th. Separately, analysts at Barclays Capital initiated coverage on shares of America Movil S.A.B. de C.V. (NYSE:AMX) in a research note to investors on Monday, August 19th. They set an “equal weight” rating and a $22.50 price target on the stock. Finally, analysts at BBVA downgraded shares of America Movil S.A.B. de C.V. (NYSE:AMX) from an “outperform” rating to an “underperform” rating in a research note to investors on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. America Movil S.A.B. de C.V. currently has an average rating of “Hold” and a consensus target price of $21.93.
America Movil S.A.B. de C.V. (NYSE:AMX) traded up 0.67% on Friday, hitting $20.315. The stock had a trading volume of 2,924,120 shares. America Movil S.A.B. de C.V. has a 1-year low of $18.26 and a 1-year high of $26.60. The stock’s 50-day moving average is $20.03 and its 200-day moving average is $20.48. The company has a market cap of $73.348 billion and a price-to-earnings ratio of 11.21.
America Movil S.A.B. de C.V. (NYSE:AMX) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.05. Analysts expect that America Movil S.A.B. de C.V. will post $1.86 EPS for the current fiscal year.
America Movil SAB. DE C.V. (NYSE:AMX) is a provider of wireless communications services in Latin America.
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