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

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have been assigned an average recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $23.40.

Several equities analysts have weighed in on AMX shares. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Santander lowered shares of America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Bank of America assumed coverage on shares of America Movil in a report on Thursday, December 11th. They set a “neutral” rating and a $26.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th.

Hedge Funds Weigh In On America Movil

Institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. increased its position in shares of America Movil by 55.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,150,649 shares of the Wireless communications provider’s stock valued at $23,784,000 after acquiring an additional 408,125 shares during the last quarter. Larry Mathis Financial Planning LLC bought a new stake in America Movil during the fourth quarter worth $274,000. Corient Private Wealth LLC boosted its position in America Movil by 0.7% in the fourth quarter. Corient Private Wealth LLC now owns 66,920 shares of the Wireless communications provider’s stock worth $1,383,000 after purchasing an additional 468 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in America Movil by 152,100.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,610 shares of the Wireless communications provider’s stock worth $157,000 after purchasing an additional 7,605 shares during the last quarter. Finally, Compound Planning Inc. grew its stake in America Movil by 29.9% in the 4th quarter. Compound Planning Inc. now owns 20,981 shares of the Wireless communications provider’s stock valued at $434,000 after purchasing an additional 4,825 shares during the period. 6.30% of the stock is owned by institutional investors.

America Movil Stock Performance

Shares of America Movil stock opened at $24.79 on Monday. America Movil has a 52 week low of $13.10 and a 52 week high of $26.16. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.01. The business has a 50 day moving average price of $23.21 and a 200-day moving average price of $22.15. The company has a market cap of $74.74 billion, a PE ratio of 17.33 and a beta of 0.72.

America Movil (NYSE:AMX) last announced its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). America Movil had a net margin of 8.78% and a return on equity of 18.92%. The company had revenue of $13.59 billion for the quarter, compared to analysts’ expectations of $13.09 billion. Equities analysts anticipate that America Movil will post 1.51 earnings per share 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.