America Movil (NYSE:AMX) Hits New 1-Year High – Should You Buy?

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMXGet Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $27.72 and last traded at $27.45, with a volume of 548949 shares traded. The stock had previously closed at $27.21.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. New Street Research raised shares of America Movil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. UBS Group upped their target price on shares of America Movil to $31.50 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Scotiabank upped their target price on shares of America Movil from $19.50 to $21.80 and gave the stock a “sector perform” rating in a report on Monday, March 30th. JPMorgan Chase & Co. upped their target price on shares of America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Finally, Weiss Ratings lowered shares of America Movil from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, America Movil presently has an average rating of “Hold” and a consensus price target of $25.02.

View Our Latest Stock Analysis on America Movil

America Movil Trading Down 0.1%

The business’s fifty day simple moving average is $25.42 and its 200 day simple moving average is $23.25. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. The stock has a market cap of $81.60 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 0.97 and a beta of 0.69.

America Movil (NYSE:AMXGet Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. The firm had revenue of $13.24 billion for the quarter. As a group, analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.85 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. NewEdge Wealth LLC lifted its position in America Movil by 11.1% during the 1st quarter. NewEdge Wealth LLC now owns 14,366 shares of the Wireless communications provider’s stock valued at $366,000 after purchasing an additional 1,430 shares during the period. First Trust Advisors LP lifted its position in America Movil by 12.5% during the 1st quarter. First Trust Advisors LP now owns 2,099,260 shares of the Wireless communications provider’s stock valued at $53,489,000 after purchasing an additional 233,925 shares during the period. PNC Financial Services Group Inc. lifted its position in America Movil by 3.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 26,009 shares of the Wireless communications provider’s stock valued at $663,000 after purchasing an additional 759 shares during the period. Dimensional Fund Advisors LP lifted its position in America Movil by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,305,379 shares of the Wireless communications provider’s stock valued at $109,695,000 after purchasing an additional 90,217 shares during the period. Finally, Modera Wealth Management LLC acquired a new position in America Movil during the 1st quarter valued at about $253,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

America Movil Company Profile

(Get Free Report)

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.

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