America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX – Get Free Report)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $28.40 and last traded at $28.3630, with a volume of 97034 shares trading hands. The stock had previously closed at $27.66.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on AMX shares. Scotiabank lowered their target price on America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Weiss Ratings upgraded America Movil from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. UBS Group raised their price objective on shares of America Movil to $31.50 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Wall Street Zen downgraded shares of America Movil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, New Street Research raised shares of America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.02.
Get Our Latest Stock Report on America Movil
America Movil Trading Up 1.3%
America Movil (NYSE:AMX – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. The firm had revenue of $13.24 billion during the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%. Equities analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.91 EPS for the current year.
Institutional Trading of America Movil
A number of hedge funds and other institutional investors have recently bought and sold shares of AMX. Lazard Asset Management LLC lifted its stake in shares of America Movil by 17.8% in the first quarter. Lazard Asset Management LLC now owns 20,807,915 shares of the Wireless communications provider’s stock valued at $530,186,000 after buying an additional 3,140,360 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of America Movil by 93.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock worth $173,151,000 after acquiring an additional 4,053,838 shares in the last quarter. Boston Partners raised its holdings in shares of America Movil by 7.3% in the 4th quarter. Boston Partners now owns 4,835,629 shares of the Wireless communications provider’s stock worth $99,952,000 after acquiring an additional 326,890 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of America Movil by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,305,379 shares of the Wireless communications provider’s stock worth $109,695,000 after acquiring an additional 90,217 shares during the last quarter. Finally, Morgan Stanley lifted its position in America Movil by 9.8% in the 4th quarter. Morgan Stanley now owns 3,970,788 shares of the Wireless communications provider’s stock valued at $82,076,000 after acquiring an additional 353,632 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.
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.
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