America Movil (NYSE:AMX) Hits New 1-Year High – Here’s Why

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $21.68 and last traded at $21.34, with a volume of 1363664 shares changing hands. The stock had previously closed at $21.17.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group increased their price target on America Movil from $20.40 to $21.10 and gave the company a “neutral” rating in a research note on Monday, July 28th. The Goldman Sachs Group increased their price target on America Movil from $21.40 to $23.20 and gave the company a “buy” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. upgraded America Movil from an “underweight” rating to a “neutral” rating and increased their price target for the company from $15.00 to $21.00 in a research note on Friday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded America Movil from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.75.

America Movil Stock Performance

The firm has a market capitalization of $64.45 billion, a P/E ratio of 22.70 and a beta of 0.88. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $20.03 and a 200-day moving average of $17.97.

America Movil (NYSE:AMX) last posted its quarterly earnings data on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.11). America Movil had a return on equity of 12.59% and a net margin of 6.11%.The business had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $233.77 billion. On average, equities analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Hilltop National Bank bought a new position in shares of America Movil in the 2nd quarter worth about $27,000. Advantage Trust Co bought a new position in shares of America Movil in the 2nd quarter worth about $30,000. EverSource Wealth Advisors LLC raised its position in shares of America Movil by 142.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 1,235 shares in the last quarter. Garde Capital Inc. bought a new position in shares of America Movil in the 1st quarter worth about $40,000. Finally, Maseco LLP bought a new position in shares of America Movil in the 2nd quarter worth about $54,000. 6.30% of the stock is owned by institutional investors.

About America Movil

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.