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 a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $23.7286.

Several research firms have issued reports on AMX. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. JPMorgan Chase & Co. increased 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. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Bank of America began coverage on shares of America Movil in a research report on Thursday, December 11th. They set a “neutral” rating and a $26.00 price target on the stock. Finally, Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th.

Hedge Funds Weigh In On America Movil

Several institutional investors have recently added to or reduced their stakes in the business. Trust Co. of Vermont acquired a new stake in shares of America Movil during the 3rd quarter worth approximately $31,000. Camelot Portfolios LLC acquired a new position in shares of America Movil during the 4th quarter valued at $31,000. Atlas Capital Advisors Inc. acquired a new position in shares of America Movil during the 4th quarter valued at $37,000. EverSource Wealth Advisors LLC boosted its stake in America Movil by 142.3% during the second 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. Finally, Beacon Financial Strategies CORP acquired a new stake in America Movil in the fourth quarter worth $43,000. 6.30% of the stock is owned by institutional investors and hedge funds.

America Movil Trading Up 0.1%

NYSE AMX opened at $25.61 on Monday. The firm has a market capitalization of $77.20 billion, a PE ratio of 17.91 and a beta of 0.71. The business’s 50-day moving average price is $23.68 and its two-hundred day moving average price is $22.30. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01. America Movil has a 12 month low of $13.10 and a 12 month high of $26.16.

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