Why America Movil, S.A.B. de C.V. (NYSE:AMX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $14.15 on America Movil, S.A.B. de C.V. (NYSE:AMX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.64 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of America Movil, S.A.B. de C.V. (NYSE:AMX) stands at 29.38.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For America Movil, S.A.B. de C.V. A, the PEG ratio for coming 3-5 years is 0.69.

Technical Analysis

The technical analysis highlights that America Movil, S.A.B. de C.V. A current is trading $-0.21 points away or -1.76% from its 50-day moving average of $11.96. Further it is trading $-1.44 or -10.94% away its 200-day moving average of $13.19.

The 52-week high of America Movil, S.A.B. de C.V. (NYSE:AMX) was $18.51 while lowest point recorded in 52-week was $11.02. It implies if stock price makes a movement of over $-6.76, it will record a new 52-week high. In the case of +6.62% drop, it will touch a new 52-week low.

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