America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Given Consensus Rating of “Hold” by Brokerages

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) has been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $22.3429.

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Santander lowered America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. The Goldman Sachs Group set a $24.30 price objective on America Movil and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Bank of America began coverage on America Movil in a report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 target price for the company. Finally, UBS Group lifted their price target on America Movil from $21.10 to $23.60 and gave the stock a “neutral” rating in a report on Thursday, October 16th.

Hedge Funds Weigh In On America Movil

Several large investors have recently made changes to their positions in the stock. Brighton Jones LLC acquired a new position in shares of America Movil in the fourth quarter valued at approximately $154,000. Royal Bank of Canada increased its stake in shares of America Movil by 16.9% during the first quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock worth $5,339,000 after acquiring an additional 54,152 shares during the period. Jones Financial Companies Lllp raised its position in America Movil by 2,189.8% in the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock worth $330,000 after acquiring an additional 22,226 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in America Movil by 15.2% in the first quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock valued at $11,071,000 after acquiring an additional 102,545 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of America Movil by 9.5% during the 1st quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock worth $719,000 after purchasing an additional 4,373 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

America Movil Trading Down 0.3%

Shares of America Movil stock opened at $20.45 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.02. America Movil has a twelve month low of $13.10 and a twelve month high of $23.68. The firm has a market capitalization of $61.65 billion, a PE ratio of 16.62 and a beta of 0.78. The firm’s 50-day moving average price is $21.75 and its 200 day moving average price is $20.51.

America Movil (NYSE:AMX) last announced its earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. America Movil had a return on equity of 16.59% and a net margin of 7.87%.The business had revenue of $12.71 billion during the quarter, compared to analysts’ expectations of $235.15 billion. On average, sell-side analysts predict that America Movil will post 1.51 EPS for the current fiscal year.

America Movil Company Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.