America Movil SAB de CV Given “Outperform” Rating at Macquarie (AMX)
America Movil SAB de CV (NYSE:AMX)‘s stock had its “outperform” rating restated by research analysts at Macquarie in a report released on Wednesday. They currently have a $27.50 price objective on the stock, up from their previous price objective of $26.00. Macquarie’s price objective points to a potential upside of 10.31% from the stock’s previous close.
A number of other firms have also recently commented on AMX. Analysts at Morgan Stanley downgraded shares of America Movil SAB de CV from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 21st. Analysts at Barclays raised their price target on shares of America Movil SAB de CV from $20.50 to $24.00 in a research note on Friday, July 18th. They now have an “equal weight” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.14.
Shares of America Movil SAB de CV (NYSE:AMX) traded up 0.64% during mid-day trading on Wednesday, hitting $25.09. 1,314,919 shares of the company’s stock traded hands. America Movil SAB de CV has a 52-week low of $19.02 and a 52-week high of $24.98. The stock has a 50-day moving average of $23.73 and a 200-day moving average of $21.03. The company has a market cap of $87.030 billion and a price-to-earnings ratio of 17.81.
America Movil SAB de CV (NYSE:AMX) last announced its earnings results on Monday, July 21st. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.03. Analysts expect that America Movil SAB de CV will post $1.80 EPS for the current fiscal year.
America Movil SAB de CV is a Mexico-based company, which is primarily engaged in the provision of wireless communications services in Latin America.
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