Stocks to Watch: America Movil S.A.B. de C.V. (AMX), Turquoise Hill Resources Ltd. (TRQ)

You should consider shares of America Movil S.A.B. de C.V. (NYSE:AMX) and Turquoise Hill Resources Ltd. (NYSE:TRQ) if you are looking for a great stocks to invest in. Starting with the AMX shares, which traded at $14.88 at the close of the recent session, dropping -0.73%. On Tuesday, the company’s shares shed -$0.11 from its value which represented in intraday trading. The stock is now 10.63% higher in year-to-date (YTD) trading. AMX’s intraday high was $14.97 while its lowest price touched $14.83. The stock’s 52-week high price is $16.50, which means the current price is at -9.82%. In terms of trading activity, the daily trading volume fell to 1829739 against 200-day average trading volume of 2,289,881 shares.

What are analyst forecasts for America Movil S.A.B. de C.V. (NYSE:AMX)?

At a consensus rating of 4.33, AMX is trending as a streaking Moderate Buy, as it has been the case a month ago when 3 analysts called it a Moderate Buy. Two months ago, 3 analysts recommended, on average, that AMX stock is a Moderate Buy. The Technology company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $14.90 on the day.

Forecasts for America Movil S.A.B. de C.V. (NYSE:AMX) give the stock a fair value for the growth of 95.65% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $341.82, which means the price per share could rise by nearly $326.94. The price range target is between a low of $300.00 and a high of $380.00. The stock would need to gain by about $96.08 to hit the estimated high or 0.87% from its 12-month low.

America Movil S.A.B. de C.V. (NYSE:AMX) Upgrades and Downgrades

In terms of rating changes, HSBC Securities on April 08, 2019, Upgrade America Movil S.A.B. de C.V. (AMX) at Buy. Analysts at JP Morgan have assigned a Overweight rating for the stock in their research note on April 05, 2019. Moreover, Goldman analysts issued a rating of Buy for the stock on April 03, 2018, giving it a price target of $25 for the next 12 months. On February 15, 2018, the stock earned a Neutral rating due to an analyst call from JP Morgan, while analysts from Credit Suisse on October 20, 2017 suggested that the stock is Outperform.

Turquoise Hill Resources Ltd. (NYSE:TRQ) adds $0.02 on Tuesday

The TRQ stock has tanked -71.12% year-to-date and is currently trading at $0.48, which is -78.04% below its 52-week high. The company shares gained 3.86% on the day and have risen nearly 18.88% off a low hit. At current levels, Turquoise Hill Resources Ltd. has a valuation of about $1.29B. As of 12/03/19, this stock has risen 3.61% during the week and closed at $0.46 in the previous session. However, recent Turquoise Hill Resources Ltd. stock performance shows that TRQ shares are 9.61% up over the last month, and 11.49% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are -$0.01, with the trailing 12-month share earnings at -$0.08. The ratio is expected to be down by -30.00% for the current year 2019 and -28.60% for next year. Over the next 5-year period, earnings per share will be 2.00%.

Sales Growth to climb 26.40% for the year

How well will Turquoise Hill Resources Ltd. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $247M and $266.96M in current quarter sales. The consensus estimated for the current quarter is $253.77M from sales. Forecasts for this fiscal year are between $935M and $955.04M and the consensus estimate for sales is at $941.33M. TRQ has its next quarter sales estimates at between $264.64M and $306.36M, with the quarter-over-quarter growth estimates at 20.20% and the annual growth forecast for the year at 26.40%.

Who owns shares in Turquoise Hill Resources Ltd. (TRQ)?

Let’s briefly focus on the share ownership of the Turquoise Hill Resources Ltd. (NYSE:TRQ) stock, where we find that 36.52% of shares are held by institutions. Pentwater Capital Management Lp tops the list of institutional owners as it is holding 177.32 million shares or 8.81% of shares outstanding. SailingStone Capital Partners LLC and Kopernik Global Investors, LLC held 132.91 million and 67.88 million representing 6.60% and 3.37% respectively at the close of the last trading session. As of Sep 29, 2019, Credit Suisse Ag/ accounted for 60.76 million shares at over 28.87 million. This represented 3.02% of shares outstanding. Nomura Holdings Inc. held 59.35 million shares at over 28.2 million representing 2.95% of shares outstanding.