América Móvil (NYSE:AMX) Stock Rating Upgraded by Hsbc Global Res

América Móvil (NYSE:AMX - Get Free Report) was upgraded by research analysts at Hsbc Global Res from a "hold" rating to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts have also commented on the stock. HSBC raised shares of América Móvil from a "hold" rating to a "buy" rating and upped their price objective for the company from $15.50 to $17.50 in a research note on Monday, April 14th. JPMorgan Chase & Co. dropped their price objective on América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group reduced their price target on América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research report on Wednesday, February 19th. StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 15th. Finally, Scotiabank dropped their target price on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.22.

América Móvil Price Performance

Shares of América Móvil stock traded up $0.88 on Monday, hitting $16.11. The company had a trading volume of 3,224,972 shares, compared to its average volume of 1,759,602. The business has a 50-day simple moving average of $14.51 and a 200-day simple moving average of $14.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The company has a market cap of $49.14 billion, a PE ratio of 32.88, a PEG ratio of 0.77 and a beta of 0.79. América Móvil has a 52 week low of $13.10 and a 52 week high of $20.31.

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 6.38% and a net margin of 3.25%. Research analysts expect that América Móvil will post 1.51 EPS for the current fiscal year.

Institutional Trading of América Móvil

A number of hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of América Móvil by 55.7% during 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 buying an additional 6,033 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of América Móvil by 82.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock worth $45,000 after acquiring an additional 1,414 shares during the period. Blue Trust Inc. grew its holdings in shares of América Móvil by 57.8% during the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock worth $79,000 after purchasing an additional 2,028 shares in the last quarter. Empirical Asset Management LLC bought a new stake in shares of América Móvil during the fourth quarter valued at approximately $487,000. Finally, Barclays PLC raised its stake in shares of América Móvil by 36,692.9% in the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider's stock valued at $2,456,000 after purchasing an additional 149,707 shares in the last quarter. 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.