America Movil (NYSE:AMX) Sets New 12-Month High – Here’s What Happened

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $24.44 and last traded at $24.3740, with a volume of 3399871 shares trading hands. The stock had previously closed at $23.83.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. Bank of America assumed coverage on shares of America Movil in a report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price objective for the company. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Zacks Research downgraded shares of America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, Santander cut America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, America Movil presently has an average rating of “Hold” and an average target price of $22.34.

America Movil Trading Up 0.1%

The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $71.88 billion, a PE ratio of 16.67 and a beta of 0.76. The stock’s fifty day moving average price is $21.29 and its two-hundred day moving average price is $21.21.

America Movil (NYSE:AMX) last released its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The business 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%. Sell-side analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On America Movil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new stake in shares of America Movil during the 3rd quarter valued at $31,000. Camelot Portfolios LLC bought a new stake in America Movil during the fourth quarter worth about $31,000. Atlas Capital Advisors Inc. purchased a new stake in America Movil in the fourth quarter worth about $37,000. EverSource Wealth Advisors LLC increased its stake in shares of America Movil by 142.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,235 shares in the last quarter. Finally, Beacon Financial Strategies CORP purchased a new position in shares of America Movil during the fourth quarter valued at approximately $43,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

About America Movil

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.