Scotiabank Has Lowered Expectations for América Móvil (NYSE:AMX) Stock Price

América Móvil (NYSE:AMX - Get Free Report) had its target price dropped by Scotiabank from $17.30 to $13.70 in a report released on Thursday,Benzinga reports. The brokerage presently has a "sector perform" rating on the Wireless communications provider's stock. Scotiabank's target price would indicate a potential downside of 10.41% from the company's previous close.

A number of other equities analysts have also weighed in on AMX. StockNews.com upgraded shares of América Móvil from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th. The Goldman Sachs Group dropped their target price on shares of América Móvil from $17.80 to $17.60 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.23.

América Móvil Price Performance

Shares of AMX traded up $0.46 during mid-day trading on Thursday, reaching $15.29. The stock had a trading volume of 2,383,679 shares, compared to its average volume of 1,461,926. The firm has a market cap of $46.95 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 0.75 and a beta of 0.93. América Móvil has a 12 month low of $13.63 and a 12 month high of $20.31. The business has a fifty day moving average of $14.32 and a 200 day moving average of $15.52. 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 (NYSE:AMX - Get Free Report) last issued its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.27). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. Equities analysts predict that América Móvil will post 0.69 EPS for the current year.

Hedge Funds Weigh In On América Móvil

Institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in América Móvil by 125.6% during the third quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock valued at $1,073,000 after purchasing an additional 36,520 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of América Móvil by 55.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock valued at $243,000 after acquiring an additional 6,033 shares during the period. ABS Direct Equity Fund LLC raised its stake in shares of América Móvil by 21.4% in the third quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider's stock valued at $6,772,000 after acquiring an additional 73,022 shares during the period. Blue Trust Inc. raised its stake in shares of América Móvil by 57.8% in the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock valued at $79,000 after acquiring an additional 2,028 shares during the period. Finally, Empirical Asset Management LLC purchased a new stake in shares of América Móvil in the fourth quarter valued at $487,000. Institutional investors own 6.30% of the company's stock.

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.