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 $15.21 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 $0.89 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 23.66. 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 0.54. Technical Analysis The technical analysis highlights that America Movil, S.A.B. de C.V. A current price is trading $-1.34 points away -10.20% from $13.17, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $14.09 and, for now, the stock price is trading $-2.26 or -16.04% away from that point. The 52-week high of America Movil, S.A.B. de C.V. (NYSE:AMX) was $21.76 while lowest point recorded in 52-week was $11.76. It implies if stock price makes a movement of over $-9.93, it will record a new 52-week high. In the case of $+0.60% points drop, it will touch a new 52-week low.

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