Brokerages Set America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Price Target at $27.02

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) has been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $28.1571.

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. UBS Group upped their price target on America Movil to $31.50 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Weiss Ratings raised shares of America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. New Street Research reiterated a “buy” rating and set a $35.00 target price on shares of America Movil in a report on Wednesday. Finally, The Goldman Sachs Group initiated coverage on shares of America Movil in a research report on Monday, May 18th. They issued a “buy” rating and a $31.80 target price on the stock.

America Movil Stock Down 1.4%

Shares of NYSE:AMX opened at $26.41 on Friday. America Movil has a fifty-two week low of $16.88 and a fifty-two week high of $28.46. 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 stock has a market cap of $79.48 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 0.85 and a beta of 0.66. The firm’s 50 day moving average price is $26.34 and its 200 day moving average price is $23.84.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%.The company had revenue of $13.24 billion for the quarter. As a group, equities research analysts predict that America Movil will post 1.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Camelot Portfolios LLC acquired a new position in America Movil during the fourth quarter valued at approximately $31,000. Atlas Capital Advisors Inc. acquired a new position in America Movil during the fourth quarter valued at approximately $37,000. EverSource Wealth Advisors LLC lifted its position in 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 buying an additional 1,235 shares in the last quarter. Beacon Financial Strategies CORP acquired a new position in America Movil during the fourth quarter valued at approximately $43,000. Finally, Arax Advisory Partners lifted its stake in shares of America Movil by 34.0% during the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after purchasing an additional 612 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

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.