America Movil S.A.B.DE C.V. ADR (AMX) stock forecast: Can it reach its 52-week high of $20.31

A share price of America Movil S.A.B.DE C.V. ADR [AMX] is currently trading at $16.75, down -1.12%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMX shares have gain 6.96% over the last week, with a monthly amount drifted -2.79%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

America Movil S.A.B.DE C.V. ADR [NYSE: AMX] stock has seen the most recent analyst activity on April 29, 2024, when Goldman upgraded its rating to a Buy and also boosted its price target to $22 from $21. Previously, Jefferies upgraded its rating to Buy on February 16, 2024. On October 20, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $21.50 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $25 on October 05, 2023. UBS upgraded its rating to a Buy and reduced its price target to $22 on October 04, 2023. Citigroup upgraded its rating to Buy for this stock on August 17, 2023, but kept the price target unchanged to $23.50. In a note dated May 31, 2023, Goldman initiated an Neutral rating and provided a target price of $24 on this stock.

America Movil S.A.B.DE C.V. ADR experienced fluctuations in its stock price throughout the past year between $15.55 and $20.31. Currently, Wall Street analysts expect the stock to reach $21.92 within the next 12 months. America Movil S.A.B.DE C.V. ADR [NYSE: AMX] shares were valued at $16.75 at the most recent close of the market. An investor can expect a potential return of 30.87% based on the average AMX price forecast.

Analyzing the AMX fundamentals

Trailing Twelve Months sales for America Movil S.A.B.DE C.V. ADR [NYSE:AMX] were 47.25B which represents 4.04% growth. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.49.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.63 points at the first support level, and at 16.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.92, and for the 2nd resistance point, it is at 17.09.

Ratios To Look Out For

To put it in perspective, the Current Ratio for America Movil S.A.B.DE C.V. ADR [NYSE:AMX] is 0.71. On the other hand, the Quick Ratio is 0.66, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.10, the price to book ratio is 2.61 and price to earnings (TTM) ratio is 27.82.

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