America Movil (NYSE:AMX) Posts Earnings Results

America Movil (NYSE:AMX) issued its quarterly earnings results on Tuesday. The Wireless communications provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01, Zacks reports. America Movil had a return on equity of 20.33% and a net margin of 9.38%.

America Movil Stock Up 0.2%

Shares of NYSE AMX traded up $0.04 during trading on Tuesday, hitting $22.87. 2,786,561 shares of the company traded hands, compared to its average volume of 2,186,153. The business’s fifty day moving average is $22.70 and its 200 day moving average is $24.86. America Movil has a fifty-two week low of $19.70 and a fifty-two week high of $28.46. The firm has a market capitalization of $68.74 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 1.17 and a beta of 0.59. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 0.71.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AMX shares. Wall Street Zen lowered America Movil from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 20th. Santander raised shares of America Movil from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 13th. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. upgraded shares of America Movil from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $30.00 to $32.00 in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, America Movil presently has an average rating of “Moderate Buy” and an average price target of $29.52.

About America Movil

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.