America Movil SAB de CV ADR Series L (AMX) Raised to Neutral at UBS Group

America Movil SAB de CV ADR Series L (NYSE:AMX) was upgraded by analysts at UBS Group from an “underperform” rating to a “neutral” rating in a research note issued on Monday, The Fly reports.

Other equities analysts have also issued research reports about the stock. Bradesco Corretora upgraded shares of America Movil SAB de CV ADR Series L to a “neutral” rating in a report on Monday. ValuEngine lowered shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Bank of America raised their price objective on shares of America Movil SAB de CV ADR Series L from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Royal Bank of Canada restated 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, Zacks Investment Research cut shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “strong sell” rating in a research report on Friday, October 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.29.

Shares of AMX traded down $0.29 during mid-day trading on Monday, reaching $12.80. The company had a trading volume of 1,502,262 shares, compared to its average volume of 3,830,406. The firm has a market cap of $43.25 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 0.84 and a beta of 0.55. America Movil SAB de CV ADR Series L has a fifty-two week low of $13.08 and a fifty-two week 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.

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

A number of institutional investors have recently added to or reduced their stakes in AMX. Schroder Investment Management Group boosted its stake in America Movil SAB de CV ADR Series L by 103.8% during the 3rd quarter. Schroder Investment Management Group now owns 20,062,029 shares of the Wireless communications provider’s stock worth $322,196,000 after acquiring an additional 10,218,271 shares during the last quarter. Morgan Stanley raised its holdings in America Movil SAB de CV ADR Series L by 505.0% during the 2nd quarter. Morgan Stanley now owns 9,078,471 shares of the Wireless communications provider’s stock worth $151,248,000 after buying an additional 7,577,793 shares during the period. FMR LLC raised its holdings in America Movil SAB de CV ADR Series L by 93.7% during the 3rd quarter. FMR LLC now owns 3,191,801 shares of the Wireless communications provider’s stock worth $51,261,000 after buying an additional 1,543,811 shares during the period. Teachers Advisors LLC acquired a new stake in shares of America Movil SAB de CV ADR Series L in the third quarter valued at approximately $14,692,000. Finally, American Century Companies Inc. raised its holdings in shares of America Movil SAB de CV ADR Series L by 37.3% in the third quarter. American Century Companies Inc. now owns 2,703,987 shares of the Wireless communications provider’s stock valued at $43,426,000 after purchasing an additional 735,280 shares during the last quarter. 7.74% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Return on Equity (ROE)

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