America Movil (NYSE:AMX) Issues Earnings Results

by · The Cerbat Gem

America Movil (NYSE:AMX – Get Free Report) issued its earnings results on Tuesday. The Wireless communications provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01, Zacks reports. The business had revenue of $14.53 billion for the quarter, compared to the consensus estimate of $13.49 billion. America Movil had a net margin of 9.38% and a return on equity of 20.33%.

America Movil Stock Up 0.2%

NYSE:AMX opened at $22.87 on Wednesday. America Movil has a 1-year low of $19.70 and a 1-year high of $28.46. The company has a 50-day moving average of $22.69 and a 200 day moving average of $24.85. The firm has a market cap of $68.74 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 1.16 and a beta of 0.59. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.71 and a quick ratio of 0.66.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMX. Santander raised shares of America Movil from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a research note on Thursday, August 13th. JPMorgan Chase & Co. raised America Movil from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $30.00 to $32.00 in a research note on Tuesday, August 18th. Finally, Wall Street Zen downgraded America Movil from a “strong-buy” rating to a “buy” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.52.

Read Our Latest Report on AMX

America Movil Company Profile

(Get Free Report)

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.

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