America Movil, S.A.B. de C.V. (AMX) Given Average Rating of “Hold” by Analysts

America Movil, S.A.B. de C.V. (NYSE:AMX) has received a consensus recommendation of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $13.13.

AMX has been the subject of a number of research reports. Zacks Investment Research upgraded shares of America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, April 6th. Credit Suisse Group set a $13.00 target price on shares of America Movil, S.A.B. de C.V. and gave the stock a “hold” rating in a research note on Saturday, February 18th. Deutsche Bank AG upgraded shares of America Movil, S.A.B. de C.V. from a “sell” rating to a “hold” rating and set a $10.00 target price for the company in a research note on Monday, April 24th. Barclays PLC upgraded shares of America Movil, S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $14.00 to $17.00 in a research note on Monday, April 10th. Finally, Royal Bank of Canada set a $12.00 price objective on shares of America Movil, S.A.B. de C.V. and gave the stock a “sell” rating in a research note on Wednesday, May 3rd.

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Institutional investors have recently modified their holdings of the stock. Sowell Financial Services LLC purchased a new position in shares of America Movil, S.A.B. de C.V. during the first quarter valued at approximately $1,775,000. FNY Partners Fund LP boosted its position in shares of America Movil, S.A.B. de C.V. by 12.5% in the first quarter. FNY Partners Fund LP now owns 16,872 shares of the Wireless communications provider’s stock valued at $239,000 after buying an additional 1,872 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of America Movil, S.A.B. de C.V. by 22.2% in the first quarter. Macquarie Group Ltd. now owns 3,588,091 shares of the Wireless communications provider’s stock valued at $50,846,000 after buying an additional 652,785 shares during the last quarter. Barings LLC purchased a new position in shares of America Movil, S.A.B. de C.V. during the first quarter valued at approximately $5,293,000. Finally, Jane Street Group LLC purchased a new position in shares of America Movil, S.A.B. de C.V. during the first quarter valued at approximately $1,363,000. Institutional investors own 8.25% of the company’s stock.

Shares of America Movil, S.A.B. de C.V. (NYSE AMX) traded up 0.25% on Tuesday, hitting $15.95. The company had a trading volume of 2,532,850 shares. America Movil, S.A.B. de C.V. has a 12-month low of $11.02 and a 12-month high of $16.56. The company has a 50 day moving average of $15.84 and a 200-day moving average of $13.85. The company has a market cap of $52.47 billion, a price-to-earnings ratio of 24.17 and a beta of 0.59.

About America Movil, S.A.B. de C.V.

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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