America Movil (NYSE:AMX) Sets New 12-Month High – Still a Buy?

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) hit a new 52-week high on Monday . The stock traded as high as $26.06 and last traded at $25.8550, with a volume of 1592477 shares changing hands. The stock had previously closed at $26.02.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Bank of America initiated coverage on shares of America Movil in a research report on Thursday, December 11th. They set a “neutral” rating and a $26.00 price objective on the stock. UBS Group reaffirmed a “buy” rating and issued a $30.00 target price (up from $23.60) on shares of America Movil in a research report on Tuesday, February 24th. Zacks Research lowered America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st. Three equities research 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 has a consensus rating of “Hold” and a consensus price target of $23.26.

America Movil Stock Performance

The business has a 50-day moving average of $21.79 and a 200 day moving average of $21.52. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.68. The company has a market cap of $78.49 billion, a PE ratio of 18.22 and a beta of 0.76.

America Movil (NYSE:AMX) last announced its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The company had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.09 billion. America Movil had a net margin of 8.78% and a return on equity of 18.92%. Equities research analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

Hedge Funds Weigh In On America Movil

A number of institutional investors and hedge funds have recently made changes to their positions in AMX. Lazard Asset Management LLC boosted its stake in shares of America Movil by 8.8% during the 3rd quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock worth $371,774,000 after acquiring an additional 1,430,626 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in America Movil by 93.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock valued at $173,151,000 after purchasing an additional 4,053,838 shares during the last quarter. Boston Partners lifted its holdings in America Movil by 7.3% in the 4th quarter. Boston Partners now owns 4,835,629 shares of the Wireless communications provider’s stock valued at $99,952,000 after purchasing an additional 326,890 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of America Movil by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,215,162 shares of the Wireless communications provider’s stock worth $87,129,000 after buying an additional 71,182 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of America Movil by 9.8% during the 4th quarter. Morgan Stanley now owns 3,970,788 shares of the Wireless communications provider’s stock worth $82,076,000 after acquiring an additional 353,632 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

America Movil Company Profile

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.