América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives $20.60 Consensus Target Price from Brokerages

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $20.60.

A number of equities research analysts recently weighed in on AMX shares. Scotiabank decreased their price objective on shares of América Móvil from $18.90 to $17.80 and set a “sector perform” rating for the company in a report on Friday, September 20th. UBS Group decreased their price objective on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, StockNews.com started coverage on shares of América Móvil in a report on Thursday. They set a “strong-buy” rating for the company.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Capital International Investors grew its position in shares of América Móvil by 4.4% in the 1st quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock worth $1,219,228,000 after buying an additional 2,741,127 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of América Móvil by 9.9% in the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock worth $233,777,000 after buying an additional 1,128,671 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of América Móvil by 3.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,528,360 shares of the Wireless communications provider’s stock worth $159,139,000 after buying an additional 245,113 shares during the last quarter. Capital International Inc. CA grew its position in shares of América Móvil by 9.5% in the 1st quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock worth $55,735,000 after buying an additional 258,203 shares during the last quarter. Finally, Capital Group Private Client Services Inc. grew its position in shares of América Móvil by 3.1% in the 1st quarter. Capital Group Private Client Services Inc. now owns 2,606,773 shares of the Wireless communications provider’s stock worth $48,642,000 after buying an additional 79,550 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Price Performance

América Móvil stock opened at $16.16 on Thursday. The firm has a 50-day moving average price of $16.56 and a 200-day moving average price of $17.60. The firm has a market capitalization of $50.18 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. América Móvil has a 12-month low of $15.55 and a 12-month high of $20.31.

América Móvil (NYSE:AMX) last released its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). The firm had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.37 billion. América Móvil had a return on equity of 7.73% and a net margin of 3.98%. As a group, equities research analysts forecast that América Móvil will post 1.39 EPS for the current year.

América Móvil Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including 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.