Brokerages Set America Movil, S.A.B. de C.V. (AMX) Target Price at $13.13

America Movil, S.A.B. de C.V. (NYSE:AMX) has been assigned an average rating of “Hold” from the ten brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.13.

AMX has been the topic of several research reports. Credit Suisse Group set a $13.00 price objective on shares of America Movil, S.A.B. de C.V. and gave the company a “hold” rating in a research note on Saturday, February 18th. Zacks Investment Research upgraded shares of America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Thursday, April 6th. Barclays PLC upgraded shares of America Movil, S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $14.00 to $17.00 in a research note on Monday, April 10th. Deutsche Bank AG upgraded shares of America Movil, S.A.B. de C.V. from a “sell” rating to a “hold” rating and set a $10.00 price objective on the stock in a research note on Monday, April 24th. Finally, Royal Bank of Canada set a $12.00 price objective on shares of America Movil, S.A.B. de C.V. and gave the company a “sell” rating in a research note on Wednesday, May 3rd.

Several hedge funds have recently bought and sold shares of AMX. Lazard Asset Management LLC increased its stake in America Movil, S.A.B. de C.V. by 7.2% in the first quarter. Lazard Asset Management LLC now owns 44,102,428 shares of the Wireless communications provider’s stock valued at $624,930,000 after buying an additional 2,956,339 shares in the last quarter. Fisher Asset Management LLC increased its stake in America Movil, S.A.B. de C.V. by 3.3% in the first quarter. Fisher Asset Management LLC now owns 15,044,446 shares of the Wireless communications provider’s stock valued at $213,180,000 after buying an additional 475,611 shares in the last quarter. Wellington Management Group LLP increased its stake in America Movil, S.A.B. de C.V. by 109.5% in the first quarter. Wellington Management Group LLP now owns 14,134,130 shares of the Wireless communications provider’s stock valued at $200,282,000 after buying an additional 7,387,101 shares in the last quarter. BlackRock Inc. increased its stake in America Movil, S.A.B. de C.V. by 6,024.0% in the first quarter. BlackRock Inc. now owns 9,319,238 shares of the Wireless communications provider’s stock valued at $132,054,000 after buying an additional 9,167,062 shares in the last quarter. Finally, Brandes Investment Partners LP increased its stake in America Movil, S.A.B. de C.V. by 2.5% in the first quarter. Brandes Investment Partners LP now owns 6,904,653 shares of the Wireless communications provider’s stock valued at $102,073,000 after buying an additional 169,638 shares in the last quarter. 8.25% of the stock is owned by institutional investors and hedge funds.

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Shares of America Movil, S.A.B. de C.V. (NYSE:AMX) traded down 0.12% during trading on Tuesday, hitting $16.29. 2,693,632 shares of the company’s stock were exchanged. America Movil, S.A.B. de C.V. has a 1-year low of $11.02 and a 1-year high of $16.56. The stock’s 50 day moving average is $15.69 and its 200 day moving average is $13.70. The firm has a market capitalization of $53.59 billion, a PE ratio of 24.68 and a beta of 0.59.

About America Movil, S.A.B. de C.V.

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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