America Movil (NYSE:AMX) Sets New 12-Month High – Here’s Why

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $24.94 and last traded at $24.8740, with a volume of 2598653 shares changing hands. The stock had previously closed at $23.76.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Santander lowered shares of America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. Bank of America initiated coverage on America Movil in a research note on Thursday, December 11th. They issued a “neutral” rating and a $26.00 target price on the stock. UBS Group reiterated a “buy” rating and set a $30.00 price objective on shares of America Movil in a research report on Tuesday. Finally, Zacks Research lowered America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.26.

America Movil Price Performance

The firm has a market capitalization of $76.13 billion, a P/E ratio of 17.66 and a beta of 0.76. The business’s fifty day moving average is $21.40 and its 200 day moving average is $21.33. 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 (NYSE:AMX) last posted its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business 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%. As a group, analysts forecast 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

Several large investors have recently made changes to their positions in the company. Trust Co. of Vermont bought a new stake in America Movil in the third quarter worth approximately $31,000. Camelot Portfolios LLC acquired a new stake in shares of America Movil in the fourth quarter worth about $31,000. Atlas Capital Advisors Inc. acquired a new position in shares of America Movil during the 4th quarter valued at about $37,000. EverSource Wealth Advisors LLC grew its holdings 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 valued at $38,000 after purchasing an additional 1,235 shares during the last quarter. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of America Movil in the fourth quarter worth $43,000. 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.