America Movil SAB de CV ADR Series L (NYSE:AMX)’s share price was up 5.3% on Thursday . The stock traded as high as $17.37 and last traded at $17.33. Approximately 4,045,750 shares changed hands during trading, an increase of 52% from the average daily volume of 2,666,568 shares. The stock had previously closed at $16.46.
Several equities analysts recently weighed in on AMX shares. Zacks Investment Research upgraded America Movil SAB de CV ADR Series L from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. Goldman Sachs Group started coverage on America Movil SAB de CV ADR Series L in a research report on Tuesday, April 3rd. They issued a “buy” rating and a $25.00 price objective on the stock. Deutsche Bank began coverage on America Movil SAB de CV ADR Series L in a research report on Monday, June 25th. They issued a “hold” rating and a $18.00 price objective on the stock. Finally, ValuEngine downgraded America Movil SAB de CV ADR Series L from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. America Movil SAB de CV ADR Series L has an average rating of “Hold” and an average target price of $20.13.
Get America Movil SAB de CV ADR Series L alerts:The company has a market cap of $57.25 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.16 and a beta of 0.51. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 2.79.
America Movil SAB de CV ADR Series L (NYSE:AMX) last announced its quarterly earnings results on Wednesday, April 25th. The Wireless communications provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). The firm had revenue of $13.57 billion during the quarter. America Movil SAB de CV ADR Series L had a net margin of 1.09% and a return on equity of 10.38%. equities analysts predict that America Movil SAB de CV ADR Series L will post 0.9 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Signaturefd LLC purchased a new stake in shares of America Movil SAB de CV ADR Series L during the 1st quarter valued at $119,000. Alpine Woods Capital Investors LLC purchased a new stake in shares of America Movil SAB de CV ADR Series L during the 1st quarter valued at $139,000. Lake Street Advisors Group LLC purchased a new stake in shares of America Movil SAB de CV ADR Series L during the 4th quarter valued at $209,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of America Movil SAB de CV ADR Series L during the 4th quarter valued at $212,000. Finally, CIBC World Markets Inc. purchased a new stake in shares of America Movil SAB de CV ADR Series L during the 1st quarter valued at $229,000. Institutional investors own 7.63% of the company’s stock.
About America Movil SAB de CV ADR Series L
Am茅rica M贸vil, SAB. de C.V. provides telecommunications services in Mexico and internationally. 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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