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

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) has been given an average rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $27.0167.

A number of research firms recently weighed in on AMX. UBS Group raised their price target on shares of America Movil to $31.50 and gave the company a “buy” rating in a report on Thursday, April 23rd. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday. New Street Research upgraded America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. The Goldman Sachs Group started coverage on America Movil in a research note on Monday, May 18th. They set a “buy” rating and a $31.80 target price for the company. Finally, Weiss Ratings upgraded America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th.

Institutional Investors Weigh In On America Movil

Institutional investors have recently modified their holdings of the business. American Century Companies Inc. grew its position in shares of America Movil by 79.4% during the 3rd quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock valued at $51,352,000 after buying an additional 1,082,493 shares during the last quarter. Citigroup Inc. raised its stake in America Movil by 21.3% during the 3rd quarter. Citigroup Inc. now owns 348,781 shares of the Wireless communications provider’s stock valued at $7,324,000 after acquiring an additional 61,234 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in America Movil by 93.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock valued at $173,151,000 after acquiring an additional 4,053,838 shares in the last quarter. AIA Group Ltd raised its stake in America Movil by 21.7% during the 3rd quarter. AIA Group Ltd now owns 329,286 shares of the Wireless communications provider’s stock valued at $6,915,000 after acquiring an additional 58,693 shares in the last quarter. Finally, Capital Wealth Planning LLC bought a new stake in America Movil during the 3rd quarter valued at $4,511,000. Institutional investors own 6.30% of the company’s stock.

America Movil Stock Performance

NYSE AMX opened at $27.71 on Friday. The firm has a market capitalization of $83.41 billion, a P/E ratio of 17.65, a P/E/G ratio of 0.88 and a beta of 0.66. America Movil has a 1-year low of $16.88 and a 1-year high of $28.46. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. The business’s 50-day simple moving average is $26.26 and its 200-day simple moving average is $23.75.

America Movil (NYSE:AMX) last released its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%.The company had revenue of $13.24 billion for the quarter. Equities analysts predict that America Movil will post 1.91 EPS for the current year.

About America Movil

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.