America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Receives $27.18 Average Price Target from Brokerages

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) has received an average rating of “Hold” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $27.1833.

Several equities research analysts have recently issued reports on AMX shares. Weiss Ratings raised shares of America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Wall Street Zen downgraded shares of America Movil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. The Goldman Sachs Group assumed coverage on shares of America Movil in a research note on Monday, May 18th. They issued a “buy” rating and a $31.80 target price for the company. JPMorgan Chase & Co. upped their target price on shares of America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Scotiabank upped their target price on shares of America Movil from $19.50 to $21.80 and gave the company a “sector perform” rating in a research note on Monday, March 30th.

America Movil Price Performance

America Movil stock opened at $26.22 on Tuesday. America Movil has a 52-week low of $16.60 and a 52-week high of $27.80. The firm has a fifty day moving average of $25.79 and a 200-day moving average of $23.47. The firm has a market capitalization of $78.91 billion, a P/E ratio of 16.70, a PEG ratio of 0.95 and a beta of 0.69. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97.

America Movil (NYSE:AMX) last released its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. The company had revenue of $13.24 billion during the quarter. As a group, analysts predict that America Movil will post 1.82 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of America Movil by 314.2% in the first quarter. Bank of America Corp DE now owns 2,272,406 shares of the Wireless communications provider’s stock valued at $57,901,000 after purchasing an additional 1,723,717 shares during the period. Opal Capital LLC boosted its stake in shares of America Movil by 14.0% in the first quarter. Opal Capital LLC now owns 146,664 shares of the Wireless communications provider’s stock valued at $3,737,000 after purchasing an additional 18,040 shares during the period. Amundi boosted its stake in shares of America Movil by 11.2% in the first quarter. Amundi now owns 2,381,539 shares of the Wireless communications provider’s stock valued at $60,682,000 after purchasing an additional 239,057 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of America Movil by 23.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,896 shares of the Wireless communications provider’s stock valued at $99,000 after purchasing an additional 739 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of America Movil by 2.2% in the first quarter. Royal Bank of Canada now owns 387,667 shares of the Wireless communications provider’s stock valued at $9,877,000 after purchasing an additional 8,271 shares during the period. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

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.