Capital Research & Management Co has recently announced that it has increased stake in America Movil S.A.B. de C.V. (NYSE:AMX) by 7.79%. After grabbing 49.35 million shares, the institutional investor is now in possession of 3.57 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 1.56% having worth around $1.06 billion. Moreover, Invesco Advisers, Inc. increased its share by 5.98 million to have a control over 25.17 million shares. And Westwood Global Investments LLC raised its holdings to 77846.0 shares by acquiring 15.56 million shares or 0.49% of the stake.
America Movil S.A.B. de C.V. (AMX) concluded trading on 05/25/23 at a closing price of $21.86, with 1.3 million shares of worth about $28.32 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.74% during that period and on Thursday the price saw a gain of about 2.48%. Currently the company’s common shares owned by public are about 3.32B shares, out of which, 3.14B shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 19 analysts are covering the AMX stock and their offered price forecasts bring an average price target of $406.79. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $520.00 and could fall to a lowest price of $320.83. The stock’s current price level is -1.82% below of average price target set by the analysts, while a dip to estimated low would result in gain of 93.19% for the stock. However, touching the estimated high of $520.00 would mean a gain of 95.8% for the stock.
Invesco Developing Markets Fund, American Funds New Perspective Fu, and American Funds New World Fund are the top 3 mutual funds which are holding stakes in America Movil S.A.B. de C.V. Invesco Developing Markets Fund is currently holding 22.36 million shares of worth totaling $480.55 million. The company recently came buying 1.83 million shares which brought its stake up to 0.71% of the company’s outstanding shares. American Funds New World Fund, after buying 8.66 million shares, have now control over 0.27% of the stake in the company. It holds 0.0 shares of worth $186.15 million.
America Movil S.A.B. de C.V. (NYSE: AMX) started trading at $21.09, below -$0.24 from concluding price of the previous day. However, the stock later moved at a day high price of 22.02, or with a gain of 2.48%. Stock saw a price change of -2.58% in past 5 days and over the past one month there was a price change of 4.39%. Year-to-date (YTD), AMX shares are showing a performance of 20.11% which increased to 7.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.34 but also hit the highest price of $23.07 during that period. The average intraday trading volume for America Movil S.A.B. de C.V. shares is 1.28 million. The stock is currently trading 0.66% above its 20-day simple moving average (SMA20), while that difference is up 2.37% for SMA50 and it goes to 12.98% higher than SMA200.
Capital Research & Management Co acquired 49.35 million shares of America Movil S.A.B. de C.V. having value of about $1.06 billion. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 3.57 million shares in the company valued at close to $77950246.1, or have control over 7.79% stake in the company. America Movil S.A.B. de C.V. (NYSE: AMX) currently have 3.32B outstanding shares and institutions hold larger chunk of about 8.70% of that. Holding of mutual funds in the company is about 2.44% while other institutional holders and individual stake holders have control over 3.22% and — of the stake respectively.
The stock has a current market capitalization of $71.57B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 15.15, while it has posted earnings per share of $1.44 in the same period. Its PEG reads 1.26 and has Quick Ratio of 0.60 while making debt-to-equity ratio of 1.84. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMX, volatility over the week remained 3.02% while standing at 2.43% over the month.
Analysts are in expectations that America Movil S.A.B. de C.V. (AMX) stock would likely to be making an EPS of $0.39 in the current quarter, while forecast for next quarter EPS is $0.35 and it is $1.84 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.35 which is $0.45 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 24.20% while it is estimated to increase by 18.70% in next year. EPS is likely to shrink at an annualized rate of 12.07% for next 5-years, compared to annual growth of 24.10% made by the stock over the past 5-years.
Analysts at 20 brokerage firms have issued recommendations for the America Movil S.A.B. de C.V. (AMX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 20 Wall Street analysts, 9 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
