America Movil SAB de CV ADR Series L (AMX) Upgraded to “Neutral” by Bradesco Corretora

America Movil SAB de CV ADR Series L (NYSE:AMX) was upgraded by research analysts at Bradesco Corretora to a “neutral” rating in a research note issued to investors on Monday.

Other equities analysts have also recently issued research reports about the company. Bank of America lifted their price target on America Movil SAB de CV ADR Series L from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Royal Bank of Canada reissued a “sell” rating and issued a $16.00 price target on shares of America Movil SAB de CV ADR Series L in a research note on Tuesday, July 31st. ValuEngine cut America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Zacks Investment Research upgraded 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. Finally, UBS Group upgraded America Movil SAB de CV ADR Series L from a “market perform” rating to an “outperform” rating in a research report on Friday, November 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $20.29.

NYSE:AMX traded down $0.23 during mid-day trading on Monday, reaching $12.86. 54,061 shares of the stock were exchanged, compared to its average volume of 3,830,406. The firm has a market cap of $43.25 billion, a P/E ratio of 18.69, a PEG ratio of 0.84 and a beta of 0.55. America Movil SAB de CV ADR Series L has a 1-year low of $13.08 and a 1-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.

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 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 analysts’ expectations of $12.94 billion. America Movil SAB de CV ADR Series L had a return on equity of 12.80% and a net margin of 2.57%. Sell-side analysts expect that America Movil SAB de CV ADR Series L will post 0.82 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in AMX. Schroder Investment Management Group lifted its holdings in shares of 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 valued at $322,196,000 after buying an additional 10,218,271 shares during the last quarter. Morgan Stanley lifted its holdings in shares of 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 valued at $151,248,000 after buying an additional 7,577,793 shares during the last quarter. FMR LLC lifted its holdings in shares of 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 valued at $51,261,000 after buying an additional 1,543,811 shares during the last quarter. Teachers Advisors LLC acquired a new stake in shares of America Movil SAB de CV ADR Series L during the 3rd quarter valued at about $14,692,000. Finally, American Century Companies Inc. lifted its holdings in shares of America Movil SAB de CV ADR Series L by 37.3% during the 3rd quarter. American Century Companies Inc. now owns 2,703,987 shares of the Wireless communications provider’s stock valued at $43,426,000 after buying an additional 735,280 shares during the last quarter. Hedge funds and other institutional investors own 7.74% of the company’s stock.

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.

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