HSBC has upgraded its rating for America Movil (AMX, Financial) from Hold to Buy, simultaneously increasing the target price from $15.50 to $17.50. This decision comes amid a challenging macroeconomic landscape where America Movil showcases significant operational resilience.
Analyst Madhvendra Singh highlights the company's diverse yet stable free cash flow, which positions it as a promising investment for potentially higher returns. The long-term prospects for America Movil are further supported by anticipated industry consolidation and favorable regulatory changes, which are expected to serve as beneficial factors.
Despite any short-term risks, HSBC believes these have been largely accounted for in the current share price, thus making the stock an attractive option for investors in the present market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for America Movil SAB de CV (AMX, Financial) is $21.42 with a high estimate of $24.00 and a low estimate of $15.00. The average target implies an upside of 50.97% from the current price of $14.19. More detailed estimate data can be found on the America Movil SAB de CV (AMX) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, America Movil SAB de CV's (AMX, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for America Movil SAB de CV (AMX, Financial) in one year is $19.14, suggesting a upside of 34.88% from the current price of $14.19. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the America Movil SAB de CV (AMX) Summary page.
