America Movil (NYSE:AMX) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

America Movil (NYSE:AMX) had its price target boosted by research analysts at JPMorgan Chase & Co. from $24.50 to $30.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.79% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. UBS Group increased their target price on shares of America Movil to $31.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. New Street Research upgraded shares of America Movil from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Wall Street Zen lowered shares of America Movil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Scotiabank increased 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 report on Monday, March 30th. Finally, Weiss Ratings lowered shares of America Movil from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, America Movil currently has a consensus rating of “Hold” and a consensus price target of $25.93.

America Movil Trading Up 0.8%

AMX stock traded up $0.21 on Thursday, hitting $27.33. 538,274 shares of the company were exchanged, compared to its average volume of 2,125,750. America Movil has a twelve month low of $16.60 and a twelve month high of $27.80. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. The business’s fifty day moving average is $25.45 and its two-hundred day moving average is $23.28. The stock has a market capitalization of $82.25 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 0.97 and a beta of 0.69.

America Movil (NYSE:AMX) last announced its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. The business had revenue of $13.24 billion during the quarter. As a group, research analysts forecast that America Movil will post 1.85 earnings per share for the current year.

Hedge Funds Weigh In On America Movil

Several hedge funds have recently made changes to their positions in AMX. Camelot Portfolios LLC acquired a new position in shares of America Movil in the 4th quarter worth approximately $31,000. Atlas Capital Advisors Inc. acquired a new position in shares of America Movil in the fourth quarter worth about $37,000. EverSource Wealth Advisors LLC boosted its holdings in shares of America Movil by 142.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 1,235 shares during the period. Beacon Financial Strategies CORP acquired a new position in shares of America Movil in the fourth quarter worth about $43,000. Finally, Arax Advisory Partners boosted its holdings in shares of America Movil by 34.0% in the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after buying an additional 612 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.