América Móvil (NYSE:AMX) Price Target Cut to $15.00 by Analysts at JPMorgan Chase & Co.

América Móvil (NYSE:AMX - Free Report) had its price objective lowered by JPMorgan Chase & Co. from $17.00 to $15.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an underweight rating on the Wireless communications provider's stock.

A number of other equities research analysts have also recently weighed in on the company. StockNews.com raised América Móvil from a "hold" rating to a "buy" rating in a report on Tuesday. The Goldman Sachs Group decreased their price objective on América Móvil from $20.80 to $17.80 and set a "buy" rating on the stock in a research report on Friday, November 15th. Finally, Scotiabank decreased their price objective on América Móvil from $17.80 to $17.30 and set a "sector perform" rating on the stock in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.98.

América Móvil Price Performance

AMX stock traded down $0.20 during midday trading on Thursday, reaching $13.85. 1,285,495 shares of the company's stock traded hands, compared to its average volume of 1,435,729. The company has a 50-day simple moving average of $14.65 and a two-hundred day simple moving average of $16.02. América Móvil has a 1-year low of $13.63 and a 1-year high of $20.31. The company has a market cap of $42.50 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 0.71 and a beta of 0.93. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The business had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. On average, analysts anticipate that América Móvil will post 0.72 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMX. Discovery Capital Management LLC CT boosted its position in shares of América Móvil by 270.1% in the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider's stock worth $30,532,000 after purchasing an additional 1,310,688 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of América Móvil by 76.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider's stock worth $12,043,000 after purchasing an additional 317,800 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of América Móvil by 30.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider's stock worth $16,533,000 after purchasing an additional 228,856 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of América Móvil by 343.1% in the 2nd quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider's stock worth $5,013,000 after purchasing an additional 228,353 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in América Móvil by 1,545.1% during the third quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider's stock worth $30,380,000 after acquiring an additional 174,414 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors.

América Móvil Company Profile

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.