America Movil SAB de CV ADR Series L (NYSE:AMX) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of America Movil SAB de CV ADR Series L (NYSE:AMX) from a sell rating to a hold rating in a research note published on Wednesday, ValuEngine reports.

Shares of NYSE AMX traded up $0.19 during mid-day trading on Wednesday, reaching $15.93. 240,176 shares of the company were exchanged, compared to its average volume of 2,100,040. America Movil SAB de CV ADR Series L has a 52 week low of $12.00 and a 52 week high of $16.50. The company has a quick ratio of 0.59, a current ratio of 0.66 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of $50.34 billion, a PE ratio of 19.90, a PEG ratio of 0.83 and a beta of 0.47. The company’s 50 day moving average price is $14.80 and its 200 day moving average price is $14.61.

America Movil SAB de CV ADR Series L (NYSE:AMX) last posted its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.09). America Movil SAB de CV ADR Series L had a return on equity of 26.07% and a net margin of 6.15%. The company had revenue of $13.08 billion for the quarter, compared to the consensus estimate of $13.04 billion. On average, sell-side analysts predict that America Movil SAB de CV ADR Series L will post 1.07 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Capital Group LLC raised its position in America Movil SAB de CV ADR Series L by 417.6% in the 2nd quarter. Private Capital Group LLC now owns 1,501 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 1,211 shares during the period. Quantamental Technologies LLC raised its position in America Movil SAB de CV ADR Series L by 177,800.0% in the 2nd quarter. Quantamental Technologies LLC now owns 1,779 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 1,778 shares during the period. Valeo Financial Advisors LLC raised its position in America Movil SAB de CV ADR Series L by 110.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,948 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 1,022 shares during the period. HM Payson & Co. purchased a new position in America Movil SAB de CV ADR Series L in the 2nd quarter worth $36,000. Finally, JFS Wealth Advisors LLC raised its position in America Movil SAB de CV ADR Series L by 99.9% in the 2nd quarter. JFS Wealth Advisors LLC now owns 3,120 shares of the Wireless communications provider’s stock worth $45,000 after purchasing an additional 1,559 shares during the period. 6.94% of the stock is owned by institutional investors.

About America Movil SAB de CV ADR Series L

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 wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.

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

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