America Movil SAB de CV ADR Series L (AMX) Receives Average Rating of “Hold” from Analysts

America Movil SAB de CV ADR Series L (NYSE:AMX) has been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $18.20.

AMX has been the topic of several research analyst reports. ValuEngine raised America Movil SAB de CV ADR Series L from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Itau BBA Securities lowered America Movil SAB de CV ADR Series L from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 13th. Zacks Investment Research lowered America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research note on Tuesday, February 12th. HSBC raised America Movil SAB de CV ADR Series L from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. raised America Movil SAB de CV ADR Series L from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $16.00 to $17.00 in a research note on Friday, April 5th.

A number of institutional investors have recently added to or reduced their stakes in AMX. Lazard Asset Management LLC lifted its position in America Movil SAB de CV ADR Series L by 9.1% during the 1st quarter. Lazard Asset Management LLC now owns 40,008,073 shares of the Wireless communications provider’s stock worth $571,315,000 after acquiring an additional 3,337,723 shares in the last quarter. Millennium Management LLC lifted its position in America Movil SAB de CV ADR Series L by 787.7% during the 4th quarter. Millennium Management LLC now owns 2,944,849 shares of the Wireless communications provider’s stock worth $41,964,000 after acquiring an additional 2,613,114 shares in the last quarter. BlackRock Inc. lifted its position in America Movil SAB de CV ADR Series L by 22.1% during the 4th quarter. BlackRock Inc. now owns 14,347,082 shares of the Wireless communications provider’s stock worth $204,447,000 after acquiring an additional 2,594,426 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in America Movil SAB de CV ADR Series L by 290.7% during the 1st quarter. JPMorgan Chase & Co. now owns 3,236,777 shares of the Wireless communications provider’s stock worth $46,221,000 after purchasing an additional 2,408,385 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in America Movil SAB de CV ADR Series L by 180.2% during the 4th quarter. Acadian Asset Management LLC now owns 1,585,707 shares of the Wireless communications provider’s stock worth $22,595,000 after purchasing an additional 1,019,786 shares during the last quarter. 7.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE AMX traded up $0.23 during midday trading on Friday, hitting $14.22. The stock had a trading volume of 144,302 shares, compared to its average volume of 1,935,312. The firm has a market capitalization of $45.86 billion, a P/E ratio of 18.03, a P/E/G ratio of 0.90 and a beta of 0.41. America Movil SAB de CV ADR Series L has a 1-year low of $12.00 and a 1-year high of $18.11. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.67 and a quick ratio of 0.59.

America Movil SAB de CV ADR Series L (NYSE:AMX) last released its quarterly earnings data on Tuesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.07). The firm had revenue of $13.23 billion during the quarter, compared to analyst estimates of $13.34 billion. America Movil SAB de CV ADR Series L had a net margin of 4.80% and a return on equity of 21.70%. On average, equities research analysts expect that America Movil SAB de CV ADR Series L will post 1.01 EPS for the current fiscal year.

America Movil SAB de CV ADR Series L Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America, the United States, the Caribbean, and Europe. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.

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Analyst Recommendations for America Movil SAB de CV ADR Series L (NYSE:AMX)

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