America Movil SAB de CV Given Average Recommendation of “Hold” by Analysts (NYSE:AMX)
Shares of America Movil SAB de CV (NYSE:AMX) have received an average rating of “Hold” from the seven analysts that are covering the stock, StockRatingsNetwork reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $23.14.
America Movil SAB de CV (NYSE:AMX) traded up 1.45% on Thursday, hitting $25.525. 968,769 shares of the company’s stock traded hands. America Movil SAB de CV has a 1-year low of $19.02 and a 1-year high of $25.30. The stock has a 50-day moving average of $23.77 and a 200-day moving average of $21.06. The company has a market cap of $88.539 billion and a price-to-earnings ratio of 17.97.
America Movil SAB de CV (NYSE:AMX) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.42 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.03. On average, analysts predict that America Movil SAB de CV will post $1.77 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on AMX shares. Analysts at Macquarie reiterated an “outperform” rating on shares of America Movil SAB de CV in a research note on Wednesday. They now have a $27.50 price target on the stock, up previously from $26.00. Separately, 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. Finally, 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.
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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