America Movil SAB de CV ADR Series L (AMX) Given Average Recommendation of “Hold” by Brokerages

Shares of America Movil SAB de CV ADR Series L (NYSE:AMX) have received an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $20.29.

AMX has been the topic of a number of research analyst reports. UBS Group cut shares of America Movil SAB de CV ADR Series L from a “neutral” rating to an “underperform” rating in a research note on Thursday, September 13th. TheStreet cut shares of America Movil SAB de CV ADR Series L from a “b-” rating to a “c” rating in a research note on Monday, July 23rd. Deutsche Bank initiated coverage on shares of America Movil SAB de CV ADR Series L in a research note on Monday, June 25th. They issued a “hold” rating and a $18.00 price target on the stock. Bank of America lifted their price target on shares of America Movil SAB de CV ADR Series L from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Finally, Royal Bank of Canada reissued a “sell” rating and issued a $16.00 price target on shares of America Movil SAB de CV ADR Series L in a research note on Tuesday, July 31st.

A number of institutional investors have recently added to or reduced their stakes in the stock. Exane Derivatives boosted its stake in America Movil SAB de CV ADR Series L by 37.1% during the 2nd quarter. Exane Derivatives now owns 18,506 shares of the Wireless communications provider’s stock worth $307,000 after purchasing an additional 5,007 shares during the last quarter. Lenox Wealth Management Inc. boosted its stake in America Movil SAB de CV ADR Series L by 8.6% during the 2nd quarter. Lenox Wealth Management Inc. now owns 75,267 shares of the Wireless communications provider’s stock worth $1,254,000 after purchasing an additional 5,931 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in America Movil SAB de CV ADR Series L by 1.1% during the 1st quarter. JPMorgan Chase & Co. now owns 558,123 shares of the Wireless communications provider’s stock worth $10,654,000 after purchasing an additional 6,271 shares during the last quarter. James Hambro & Partners acquired a new stake in America Movil SAB de CV ADR Series L during the 2nd quarter worth $124,000. Finally, Bank of New York Mellon Corp boosted its stake in America Movil SAB de CV ADR Series L by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 122,064 shares of the Wireless communications provider’s stock worth $2,034,000 after purchasing an additional 8,301 shares during the last quarter. 7.57% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:AMX opened at $16.32 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 2.79. The company has a market cap of $53.98 billion, a PE ratio of 24.00, a PEG ratio of 1.04 and a beta of 0.50. America Movil SAB de CV ADR Series L has a 1-year low of $14.85 and a 1-year high of $19.91.

America Movil SAB de CV ADR Series L (NYSE:AMX) last posted its earnings results on Wednesday, July 18th. The Wireless communications provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.15). The firm had revenue of $13.29 billion for the quarter, compared to analysts’ expectations of $12.71 billion. America Movil SAB de CV ADR Series L had a negative net margin of 0.25% and a positive return on equity of 4.72%. analysts expect that America Movil SAB de CV ADR Series L will post 0.94 earnings per share for the current fiscal year.

About America Movil SAB de CV ADR Series L

América Móvil, SAB. de C.V. provides telecommunications services in Mexico and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.

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Analyst Recommendations for America Movil SAB de CV ADR Series L (NYSE:AMX)

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