America Movil S.A.B. de C.V.’s Neutral Rating Reaffirmed at Zacks (AMX)
America Movil S.A.B. de C.V. (NYSE:AMX)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Wednesday, StockRatingsNetwork reports. They currently have a $23.00 price objective on the stock. Zacks‘ price target points to a potential upside of 4.55% from the company’s current price.
Zacks‘ analyst wrote, “We maintain our Neutral recommendation on America Movil. The company’s progress in the LTE (Long-Term Evolution) space with the launch of services in Mexico and Brazil is encouraging. The company’s post-paid subscriber base is also growing on expansion in LTE networks, which is resulting in improved market share. Further, higher penetration in the smartphone market would translate into significant revenue growth in the future. However, we remain wary over interconnection rate reductions in both Mexico and Brazil, resulting in margin pressure. Coupled with regulatory problems in key markets, this issue would continue to remain a drag over near-term growth.”
America Movil S.A.B. de C.V. (NYSE:AMX) traded up 0.82% during mid-day trading on Wednesday, hitting $22.18. The stock had a trading volume of 4,269,470 shares. America Movil S.A.B. de C.V. has a 52-week low of $18.26 and a 52-week high of $25.71. The stock’s 50-day moving average is $22.58 and its 200-day moving average is $21.25. The company has a market cap of $79.149 billion and a P/E ratio of 14.10.
America Movil S.A.B. de C.V. (NYSE:AMX) last released its earnings data on Friday, October 25th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.05. On average, analysts predict that America Movil S.A.B. de C.V. will post $1.74 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of America Movil S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, November 27th. Separately, analysts at Scotiabank raised their price target on shares of America Movil S.A.B. de C.V. from $19.00 to $20.00 in a research note to investors on Thursday, October 17th. Finally, analysts at Morgan Stanley initiated coverage on shares of America Movil S.A.B. de C.V. in a research note to investors on Thursday, October 17th. They set an “equal weight” rating and a $21.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. America Movil S.A.B. de C.V. presently has a consensus rating of “Hold” and an average price target of $22.64.
America Movil SAB. DE C.V. (NYSE:AMX) is a provider of wireless communications services in Latin America.
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