America Movil (NYSE:AMX) Hits New 1-Year High – Time to Buy?

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.44 and last traded at $24.3740, with a volume of 3399871 shares changing hands. The stock had previously closed at $23.83.

Analyst Ratings Changes

AMX has been the subject of several analyst reports. Zacks Research downgraded shares of America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Santander cut shares of America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. The Goldman Sachs Group set a $24.30 price target on America Movil and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Wall Street Zen raised America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.34.

America Movil Stock Performance

The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.68. The company has a fifty day moving average of $21.19 and a two-hundred day moving average of $21.18. The stock has a market capitalization of $73.49 billion, a P/E ratio of 17.04 and a beta of 0.76.

America Movil (NYSE:AMX) last issued its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $13.59 billion during the quarter, compared to analyst estimates of $13.09 billion. America Movil had a return on equity of 18.92% and a net margin of 8.78%. On average, equities analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

Institutional Investors Weigh In On America Movil

A number of institutional investors have recently modified their holdings of AMX. Schonfeld Strategic Advisors LLC bought a new position in America Movil in the fourth quarter worth about $1,478,000. GAM Holding AG raised its position in shares of America Movil by 37.8% during the 4th quarter. GAM Holding AG now owns 106,249 shares of the Wireless communications provider’s stock worth $2,196,000 after purchasing an additional 29,137 shares during the period. Jain Global LLC raised its position in shares of America Movil by 13.4% during the 4th quarter. Jain Global LLC now owns 98,999 shares of the Wireless communications provider’s stock worth $2,046,000 after purchasing an additional 11,700 shares during the period. Rexford Capital Inc. lifted its holdings in shares of America Movil by 17.3% in the 4th quarter. Rexford Capital Inc. now owns 10,758 shares of the Wireless communications provider’s stock worth $222,000 after purchasing an additional 1,588 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in America Movil during the 4th quarter valued at approximately $242,000. Institutional investors own 6.30% of the company’s stock.

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.