Brokerages Set America Movil SAB de CV ADR Series L (NYSE:AMX) Price Target at $18.00

Shares of America Movil SAB de CV ADR Series L (NYSE:AMX) have received an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $18.00.

Separately, ValuEngine downgraded shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in America Movil SAB de CV ADR Series L during the 4th quarter valued at about $6,413,000. Field & Main Bank bought a new stake in shares of America Movil SAB de CV ADR Series L in the 1st quarter valued at about $29,000. OLD Second National Bank of Aurora raised its holdings in shares of America Movil SAB de CV ADR Series L by 2,452.2% in the 1st quarter. OLD Second National Bank of Aurora now owns 25,522 shares of the Wireless communications provider’s stock valued at $364,000 after purchasing an additional 24,522 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of America Movil SAB de CV ADR Series L by 25.8% in the 1st quarter. Bank of Montreal Can now owns 576,259 shares of the Wireless communications provider’s stock valued at $8,229,000 after purchasing an additional 118,312 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of America Movil SAB de CV ADR Series L by 68.6% in the 1st quarter. Quadrant Capital Group LLC now owns 6,901 shares of the Wireless communications provider’s stock valued at $97,000 after purchasing an additional 2,808 shares in the last quarter. 7.07% of the stock is currently owned by institutional investors and hedge funds.

NYSE:AMX traded down $0.22 during trading hours on Friday, hitting $13.17. 1,822,296 shares of the company were exchanged, compared to its average volume of 2,398,886. The stock has a market capitalization of $44.22 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 0.88 and a beta of 0.49. America Movil SAB de CV ADR Series L has a 52-week low of $12.00 and a 52-week high of $17.56. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.66 and a quick ratio of 0.59. The company’s 50 day moving average price is $14.20 and its 200-day moving average price is $14.65.

America Movil SAB de CV ADR Series L (NYSE:AMX) last released its earnings results on Tuesday, July 16th. The Wireless communications provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.09). The company had revenue of $13.08 billion for the quarter, compared to analysts’ expectations of $13.04 billion. America Movil SAB de CV ADR Series L had a return on equity of 26.07% and a net margin of 6.15%. On average, equities analysts predict that America Movil SAB de CV ADR Series L will post 0.88 earnings per share for the current year.

About America Movil SAB de CV ADR Series L

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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