Royal Bank of Canada reaffirmed their sell rating on shares of America Movil SAB de CV ADR Series L (NYSE:AMX) in a report published on Tuesday. The firm currently has a $16.00 price target on the Wireless communications provider’s stock.
A number of other research analysts have also recently commented on AMX. Goldman Sachs Group initiated coverage on America Movil SAB de CV ADR Series L in a research note on Tuesday, April 3rd. They set a buy rating and a $25.00 price target on the stock. Zacks Investment Research cut America Movil SAB de CV ADR Series L from a hold rating to a strong sell rating in a research note on Tuesday, April 3rd. ValuEngine cut America Movil SAB de CV ADR Series L from a buy rating to a hold rating in a research note on Wednesday, May 9th. Deutsche Bank assumed coverage on America Movil SAB de CV ADR Series L in a research note on Monday, June 25th. They set a hold rating and a $18.00 price target on the stock. Finally, TheStreet lowered America Movil SAB de CV ADR Series L from a b- rating to a c rating in a research report on Monday, July 23rd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $20.38.
Get America Movil SAB de CV ADR Series L alerts:America Movil SAB de CV ADR Series L opened at $16.79 on Tuesday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.72 and a current ratio of 0.80. America Movil SAB de CV ADR Series L has a 52 week low of $14.85 and a 52 week high of $19.91. The firm has a market cap of $56.03 billion, a price-to-earnings ratio of 89.26, a PEG ratio of 1.08 and a beta of 0.57.
Several institutional investors have recently bought and sold shares of AMX. BlackRock Inc. increased its position in shares of America Movil SAB de CV ADR Series L by 29.0% during the first quarter. BlackRock Inc. now owns 16,864,666 shares of the Wireless communications provider’s stock worth $321,947,000 after acquiring an additional 3,786,269 shares during the period. American Century Companies Inc. purchased a new stake in shares of America Movil SAB de CV ADR Series L during the first quarter worth $37,166,000. USS Investment Management Ltd increased its position in shares of America Movil SAB de CV ADR Series L by 25.1% during the first quarter. USS Investment Management Ltd now owns 3,363,185 shares of the Wireless communications provider’s stock worth $62,168,000 after acquiring an additional 675,000 shares during the period. Assetmark Inc. increased its position in shares of America Movil SAB de CV ADR Series L by 1,406.9% during the first quarter. Assetmark Inc. now owns 544,563 shares of the Wireless communications provider’s stock worth $10,396,000 after acquiring an additional 508,426 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of America Movil SAB de CV ADR Series L by 220.8% during the fourth quarter. Renaissance Technologies LLC now owns 557,500 shares of the Wireless communications provider’s stock worth $9,561,000 after acquiring an additional 383,700 shares during the period. 7.50% of the stock is currently owned by institutional investors and hedge funds.
America Movil SAB de CV ADR Series L Company Profile
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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