América Móvil (NYSE:AMX) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of América Móvil (NYSE:AMX - Get Free Report) in a note issued to investors on Thursday. The brokerage set a "buy" rating on the Wireless communications provider's stock.

Several other research analysts have also recently weighed in on AMX. Scotiabank cut their price target on shares of América Móvil from $17.80 to $17.30 and set a "sector perform" rating on the stock in a report on Wednesday, October 16th. UBS Group cut their target price on América Móvil from $23.30 to $22.60 and set a "buy" rating on the stock in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group dropped their price target on América Móvil from $21.00 to $20.80 and set a "buy" rating on the stock in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.08.

América Móvil Stock Down 1.6 %

Shares of América Móvil stock traded down $0.25 on Thursday, hitting $15.01. The company had a trading volume of 1,395,427 shares, compared to its average volume of 1,547,009. The stock has a market capitalization of $46.08 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 0.93 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil has a 1 year low of $15.00 and a 1 year high of $20.31. The stock has a 50 day moving average of $16.26 and a 200-day moving average of $17.23.

América Móvil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The company had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. As a group, sell-side analysts forecast that América Móvil will post 1.39 earnings per share for the current year.

Hedge Funds Weigh In On América Móvil

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC bought a new stake in shares of América Móvil in the second quarter valued at $59,000. CENTRAL TRUST Co raised its stake in América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider's stock valued at $59,000 after acquiring an additional 3,500 shares during the period. Blue Trust Inc. lifted its holdings in América Móvil by 195.9% during the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider's stock valued at $60,000 after purchasing an additional 2,322 shares during the last quarter. Headlands Technologies LLC boosted its position in América Móvil by 448.5% during the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 3,539 shares during the period. Finally, Allworth Financial LP boosted its position in América Móvil by 46.1% during the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 1,567 shares during the period. 6.30% of the stock is owned by institutional investors.

About América Móvil

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.