Does America Movil S.A.B. de C.V. (AMX) offer a good opportunity for investors?

America Movil S.A.B. de C.V. (NYSE: AMX) stock jumped 1.38% on Friday to $18.34 against a previous-day closing price of $18.09. With 3.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.33 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $18.67 whereas the lowest price it dropped to was $18.17. The 52-week range on AMX shows that it touched its highest point at $22.65 and its lowest point at $16.33 during that stretch. It currently has a 1-year price target of $22.09. With its current market cap of 57.30 billion, AMX has annualized dividend of $0.40 while the current yield stands at 2.16%. Beta for the stock currently stands at 0.85.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMX was down-trending over the past week, with a drop of -3.22%, but this was down by -9.25% over a month. Three-month performance dropped to -7.23% while six-month performance fell -3.01%. The stock gained 9.04% in the past year, while it has lost -13.12% so far this year. A look at the trailing 12-month EPS for AMX yields 1.21 with Next year EPS estimates of 1.55. For the next quarter, that number is 0.34. This implies an EPS growth rate of 144.80% for this year and 4.37% for next year. EPS is expected to grow by 21.67% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 52.70%.

Float and Shares Shorts:

At present, 3.19 billion AMX shares are outstanding with a float of 22.77 million shares on hand for trading. On Jul 14, 2022, short shares totaled 7.17 million, which was 0.22% higher than short shares on Jun 14, 2022. In addition to Lic. Daniel Hajj Aboumrad as the firm’s CEO & Director, Mr. Carlos Jose Garcia Moreno Elizondo Ph.D. serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 9.28% of AMX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.70% of AMX, in contrast to 4.38% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in AMX with 2.03% of the stake, Capital Research & Management Co holds 43,354,767 shares worth 43,354,767. A second-largest stockholder of AMX, Invesco Advisers, Inc., holds 16,828,862 shares, controlling over 0.79% of the firm’s shares. Westwood Global Investments LLC is the third largest shareholder in AMX, holding 15,660,541 shares or 0.73% stake. With a 0.91% stake in AMX, the American Funds New Perspective Fu is the largest stakeholder. A total of 19,406,900 shares are owned by the mutual fund manager. The Invesco Developing Markets Fund, which owns about 0.73% of AMX stock, is the second-largest Mutual Fund holder. It holds 15,666,146 shares valued at 320.06 million. American Funds New World Fund holds 0.48% of the stake in AMX, owning 10,235,872 shares worth 209.12 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMX since 22 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 14 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMX analysts setting a high price target of $540.00 and a low target of $320.00, the average target price over the next 12 months is $437.90. Based on these targets, AMX could surge 2844.38% to reach the target high and rise by 1644.82% to reach the target low. Reaching the average price target will result in a growth of 2287.68% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AMX will report FY 2022 earnings on 02/14/2023. Analysts have provided yearly estimates in a range of $33.77 being high and $22.41 being low. For AMX, this leads to a yearly average estimate of $29.44. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. America Movil S.A.B. de C.V. surprised analysts by -$0.19 when it reported $0.21 EPS against a consensus estimate of $0.40. The surprise factor in the prior quarter was $0.06. Based on analyst estimates, the high estimate for the next quarter is $8.71 and the low estimate is $4.04. The average estimate for the next quarter is thus $7.00.

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