America Movil (NYSE:AMX) Hits New 12-Month High – Still a Buy?

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)’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. The stock had previously closed at $27.66.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Scotiabank lowered their price target on America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. The Goldman Sachs Group began coverage on America Movil in a research note on Monday, May 18th. They set a “buy” rating and a $31.80 price objective on the stock. UBS Group lifted their price objective on shares of America Movil to $31.50 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen lowered shares of America Movil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.02.

America Movil Stock Performance

The company has a 50-day simple moving average of $26.22 and a two-hundred day simple moving average of $23.72. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. The firm has a market cap of $84.31 billion, a PE ratio of 17.84, a PEG ratio of 0.81 and a beta of 0.66.

America Movil (NYSE:AMX) last announced its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (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%. As a group, equities research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.91 earnings per share for the current year.

Institutional Trading of America Movil

Hedge funds have recently added to or reduced their stakes in the stock. Camelot Portfolios LLC purchased a new position in America Movil in the fourth quarter valued at about $31,000. Atlas Capital Advisors Inc. purchased a new stake in shares of America Movil during the 4th quarter worth approximately $37,000. Beacon Financial Strategies CORP bought a new stake in shares of America Movil in the 4th quarter worth approximately $43,000. EverSource Wealth Advisors LLC raised its holdings in shares of America Movil by 142.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 1,235 shares during the period. Finally, Arax Advisory Partners lifted its stake in America Movil by 34.0% in the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after purchasing an additional 612 shares during 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.