America Movil S.A.B. de C.V. (NYSE:AMX) finished Thursday with a subtraction of -$0.15 to close at $19.11, a downside of -0.75 percent. An average of 2,287,864 shares of common stock have been traded in the last five days. There was a fall of -$0.38 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 2,277,166 shares traded, while the 50-day average volume stands at 1,629,778.
AMX stock has decreased by -9.32% in the last month. The company shares reached their 1-month lowest point of $18.32 on 08/16/23. With the stock rallying to its 52-week high on 05/16/23, shares of the company touched a low of $15.34 and a high of $23.07 in 52 weeks. It has reached a new high 22 times so far this year and achieved 5.03% or $0.95 in price. In spite of this, the price is down -17.14% from the 52-week high.
Valuation Metrics
America Movil S.A.B. de C.V. (AMX) has a trailing price-to-earnings (P/E) ratio of 10.96. The stock’s beta is 0.87. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.23, the price-to-book (PB) ratio at 2.90.
Financial Health
The quick ratio of America Movil S.A.B. de C.V. for the three months ended June 29 was 0.60, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.18 and a total debt to equity ratio of 1.74 for the quarter ending June 29. Its gross profit as reported stood at $26.47 billion compared to revenue of $43.5 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.92 billion in the quarter, while revenues were shrunk -138.29%. The analyst consensus anticipated America Movil S.A.B. de C.V.’s latest quarter earnings to come in at $0.41 per share, but it turned out to be $0.46, a 12.20% surprise. For the quarter, EBITDA amounted to $2.28 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at America Movil S.A.B. de C.V. (AMX) price momentum. RSI 9-day as of the close on 24 August was 40.15%, suggesting the stock is Neutral, with historical volatility in this time frame at 45.71%.
As of today, AMX’s price is $19.22 -1.95% or -$0.38 from its 5-day moving average. AMX is currently trading -10.72% lower than its 20-day SMA and -8.85% lower than its 100-day SMA. However, the stock’s current price level is -14.39% below the SMA50 and -4.39% below the SMA200.
The stochastic %K and %D were 39.99% and 39.56%, respectively, and the average true range (ATR) was 0.50. With the 14-day stochastic at 35.83% and the average true range at 0.50, the RSI (14) stands at 39.43%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.15.
Analyst Ratings
Citigroup upgraded America Movil S.A.B. de C.V. (NYSE: AMX) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for America Movil S.A.B. de C.V. (AMX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AMX, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 9 others rate it as a “buy”.
What is AMX’s price target for the next 12 months?
Analysts predict a range of price targets between $336.38 and $520.00, with a median target of $395.48. Taking a look at these predictions, the average price target given by analysts for America Movil S.A.B. de C.V. (AMX) stock is $400.03.
