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

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

Separately, ValuEngine cut 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.

NYSE:AMX opened at $14.57 on Thursday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.59 and a current ratio of 0.66. The stock has a market capitalization of $48.59 billion, a P/E ratio of 15.02, a PEG ratio of 0.97 and a beta of 0.45. The company has a 50 day moving average price of $13.98 and a 200 day moving average price of $14.53. America Movil SAB de CV ADR Series L has a fifty-two week low of $12.00 and a fifty-two week high of $16.70.

America Movil SAB de CV ADR Series L (NYSE:AMX) last posted its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported $0.22 earnings per share for the quarter, missing the Zacks’ 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%. Research analysts forecast that America Movil SAB de CV ADR Series L will post 0.88 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Atria Investments LLC purchased a new position in shares of America Movil SAB de CV ADR Series L during the 2nd quarter worth approximately $236,000. Newfoundland Capital Management purchased a new position in shares of America Movil SAB de CV ADR Series L during the 2nd quarter worth approximately $175,000. HM Payson & Co. purchased a new position in shares of America Movil SAB de CV ADR Series L during the 2nd quarter worth approximately $36,000. Private Capital Group LLC boosted its position in shares of America Movil SAB de CV ADR Series L by 417.6% during the 2nd quarter. Private Capital Group LLC now owns 1,501 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 1,211 shares during the period. Finally, OneAscent Financial Services LLC acquired a new stake in America Movil SAB de CV ADR Series L during the 2nd quarter worth approximately $175,000. 6.94% of the stock is owned by hedge funds and other institutional investors.

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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