America Movil (NYSE:AMX) Hits New 12-Month High – What’s Next?

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) hit a new 52-week high on Wednesday . The company traded as high as $24.44 and last traded at $24.3740, with a volume of 3399871 shares changing hands. The stock had previously closed at $23.83.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AMX shares. Bank of America initiated coverage on shares of America Movil in a research report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price target on the stock. Zacks Research cut America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Santander downgraded America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group set a $24.30 price objective on America Movil and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.34.

America Movil Stock Up 2.3%

The firm has a market capitalization of $73.49 billion, a PE ratio of 17.04 and a beta of 0.76. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average of $21.19 and a two-hundred day moving average of $21.18.

America Movil (NYSE:AMX) last announced its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $13.59 billion for the quarter, compared to analyst estimates of $13.09 billion. America Movil had a return on equity of 18.92% and a net margin of 8.78%. On average, equities research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

Institutional Investors Weigh In On America Movil

Several large investors have recently made changes to their positions in AMX. Orion Porfolio Solutions LLC boosted its position in America Movil by 3.6% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock worth $273,000 after purchasing an additional 455 shares during the period. Axxcess Wealth Management LLC boosted its position in shares of America Movil by 1.6% in the third quarter. Axxcess Wealth Management LLC now owns 36,075 shares of the Wireless communications provider’s stock worth $758,000 after buying an additional 560 shares during the period. Whittier Trust Co. grew its stake in shares of America Movil by 2.8% in the second quarter. Whittier Trust Co. now owns 21,198 shares of the Wireless communications provider’s stock valued at $380,000 after buying an additional 582 shares in the last quarter. Arax Advisory Partners raised its holdings in shares of America Movil by 34.0% during the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after buying an additional 612 shares during the period. Finally, Profund Advisors LLC lifted its position in America Movil by 1.7% during the 2nd quarter. Profund Advisors LLC now owns 39,561 shares of the Wireless communications provider’s stock worth $710,000 after acquiring an additional 666 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.