UBS Group Begins Coverage on America Movil SAB de CV ADR Series L (AMX)

UBS Group started coverage on shares of America Movil SAB de CV ADR Series L (NYSE:AMX) in a report issued on Wednesday, www.stocktargetadvisor.com reports. The brokerage issued a buy rating and a $17.00 target price on the Wireless communications provider’s stock.

AMX has been the subject of several other research reports. ValuEngine lowered shares of America Movil SAB de CV ADR Series L from a hold rating to a sell rating in a research report on Wednesday, October 3rd. Zacks Investment Research raised shares of America Movil SAB de CV ADR Series L from a strong sell rating to a hold rating in a research report on Friday, October 12th. TheStreet raised shares of America Movil SAB de CV ADR Series L from a c rating to a b- rating in a research report on Monday, October 22nd. Royal Bank of Canada reissued a sell rating and issued a $16.00 price objective on shares of America Movil SAB de CV ADR Series L in a research report on Tuesday, July 31st. Finally, Bank of America increased their price objective on shares of America Movil SAB de CV ADR Series L from $20.00 to $21.00 and gave the stock a buy rating in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. America Movil SAB de CV ADR Series L has an average rating of Hold and a consensus price target of $19.75.

Shares of AMX stock opened at $13.45 on Wednesday. America Movil SAB de CV ADR Series L has a one year low of $12.00 and a one year high of $19.91. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 2.94. The company has a market cap of $44.43 billion, a P/E ratio of 30.57, a P/E/G ratio of 0.86 and a beta of 0.55.

America Movil SAB de CV ADR Series L (NYSE:AMX) last issued its quarterly earnings results on Tuesday, October 16th. The Wireless communications provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). America Movil SAB de CV ADR Series L had a return on equity of 12.80% and a net margin of 2.57%. The company had revenue of $13.15 billion for the quarter, compared to analyst estimates of $12.94 billion. Research analysts anticipate that America Movil SAB de CV ADR Series L will post 0.82 EPS for the current year.

The firm also recently disclosed a dividend, which was paid on Friday, November 9th. Stockholders of record on Friday, November 9th were given a $0.161 dividend. The ex-dividend date was Thursday, November 8th. America Movil SAB de CV ADR Series L’s payout ratio is currently 45.59%.

Institutional investors have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group increased its position in shares of America Movil SAB de CV ADR Series L by 289.1% in the third quarter. Rehmann Capital Advisory Group now owns 7,435 shares of the Wireless communications provider’s stock worth $463,000 after acquiring an additional 5,524 shares in the last quarter. Signature Financial Management Inc. purchased a new position in shares of America Movil SAB de CV ADR Series L in the second quarter valued at $167,000. Flow Traders U.S. LLC purchased a new position in shares of America Movil SAB de CV ADR Series L in the third quarter valued at $170,000. Virtu Financial LLC purchased a new position in shares of America Movil SAB de CV ADR Series L in the third quarter valued at $171,000. Finally, HPM Partners LLC boosted its stake in shares of America Movil SAB de CV ADR Series L by 31.6% in the third quarter. HPM Partners LLC now owns 15,682 shares of the Wireless communications provider’s stock valued at $252,000 after purchasing an additional 3,767 shares during the period. 7.74% of the stock is owned by institutional investors.

America Movil SAB de CV ADR Series L Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America, the United States, the Caribbean, and Europe. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.

Featured Story: What is an SEC Filing?

Analyst Recommendations for America Movil SAB de CV ADR Series L (NYSE:AMX)

Receive News & Ratings for America Movil SAB de CV ADR Series L Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America Movil SAB de CV ADR Series L and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit