America Movil S.A.B.DE C.V. ADR (NYSE:AMX) does about 1.46M shares in volume on a normal day but saw 1116137 shares change hands in Tuesday’s trading. The company now has a market cap of 57.65B USD. Its current market price is $18.54, marking a decrease of -0.91% compared to the previous close of $18.71. The 52 week high reached by this stock is $23.07 whilst the lowest price level in 52 weeks is $15.99.
America Movil S.A.B.DE C.V. ADR (AMX) has a 20-day trading average at $19.01 and the current price is -19.64% off the 52-week high compared with 15.91% distance from its 52-week low. The 50-day simple moving average of the closing price is $18.39 and its 200-day simple moving average is $18.86. If we look at the stock’s price movements over the week, volatility stands at 1.96%, which decreases to 1.91% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.42 to suggest the stock is neutral.
The consensus objective for the share price is $22.21, suggesting that the stock has a potential upside of 16.52% over the period.
HSBC Securities also upgraded the stock to “Buy” from Hold on October 20, 2023 at a price target of $21.50. BofA Securities upgraded its price target at $23-$25.
America Movil S.A.B.DE C.V. ADR (AMX) stock is down -2.93% over the week and 1.64% over the past month. Its price is 0.11% year-to-date and -6.83% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.33 above consensus estimates by $0.04. AMX’s earnings per share are forecast to shrink by -0.70% this year and 5.20% over next year. Expected sales for next quarter are $12.17 billion, which analysts say will come at $48.57 billion for the current fiscal year and next year at $51.44 billion. In addition, estimates put the company’s current quarterly revenue at an average of $11.79 billion.
To reach the target analysts have set, the stock logically needs to grow 16.52 percent from here.
Outstanding shares total 3.12B with insiders holding 0.00% of the shares and institutional holders owning 6.50% of the company’s common stock. The company has a return on investment of 8.87% and return on equity of 20.70%. The price to earnings ratio (P/E ratio) amounts to 13.81 while the forward price to earnings ratio is 9.35. The beta has a value of 0.95. Price to book ratio is 2.67 and price to sales ratio is 1.25.
