Shares of America Movil, S.A.B. de C.V. (NYSE:AMX) have been assigned a consensus rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $15.12.

Several equities research analysts have recently issued reports on AMX shares. Barclays PLC reaffirmed a “buy” rating and issued a $18.00 price target (up from $17.00) on shares of America Movil, S.A.B. de C.V. in a research report on Friday, July 21st. Credit Suisse Group set a $16.00 price target on America Movil, S.A.B. de C.V. and gave the company a “hold” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised America Movil, S.A.B. de C.V. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Morgan Stanley raised America Movil, S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $16.00 to $21.00 in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada set a $14.00 price target on America Movil, S.A.B. de C.V. and gave the company a “sell” rating in a research report on Friday, July 21st.

Hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. acquired a new stake in America Movil, S.A.B. de C.V. during the first quarter worth about $143,000. Eqis Capital Management Inc. boosted its holdings in America Movil, S.A.B. de C.V. by 6.0% during the second quarter. Eqis Capital Management Inc. now owns 53,214 shares of the Wireless communications provider’s stock valued at $847,000 after purchasing an additional 3,011 shares in the last quarter. FIL Ltd acquired a new stake in America Movil, S.A.B. de C.V. during the first quarter valued at approximately $10,124,000. Northcape Capital Pty Ltd boosted its holdings in America Movil, S.A.B. de C.V. by 1.9% during the second quarter. Northcape Capital Pty Ltd now owns 1,991,845 shares of the Wireless communications provider’s stock valued at $31,710,000 after purchasing an additional 37,091 shares in the last quarter. Finally, State of Wisconsin Investment Board acquired a new stake in America Movil, S.A.B. de C.V. during the second quarter valued at approximately $4,287,000. 7.64% of the stock is currently owned by institutional investors and hedge funds.

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Shares of America Movil, S.A.B. de C.V. (NYSE AMX) traded down 0.22% during midday trading on Friday, hitting $18.49. The stock had a trading volume of 2,262,833 shares. The firm has a market cap of $60.79 billion, a price-to-earnings ratio of 23.71 and a beta of 0.54. The firm has a 50-day moving average price of $18.37 and a 200-day moving average price of $16.07. America Movil, S.A.B. de C.V. has a 1-year low of $11.02 and a 1-year high of $19.05.

About America Movil, S.A.B. de C.V.

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

Analyst Recommendations for America Movil, S.A.B. de C.V. (NYSE:AMX)

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