América Móvil (NYSE:AMX) Announces Earnings Results

América Móvil (NYSE:AMX - Get Free Report) announced its quarterly earnings results on Wednesday. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.27), Zacks reports. América Móvil had a net margin of 4.45% and a return on equity of 8.61%.

América Móvil Stock Performance

Shares of AMX stock traded up $0.46 on Friday, 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's 50-day moving average is $14.32 and its two-hundred day moving average is $15.52. América Móvil has a 12 month low of $13.63 and a 12 month high of $20.31. The firm has a market capitalization of $46.95 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 0.75 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Thursday. JPMorgan Chase & Co. reduced their target price on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. Scotiabank cut their price target on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group cut their price target on shares of América Móvil from $17.80 to $17.60 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, América Móvil currently has an average rating of "Moderate Buy" and a consensus price target of $18.22.

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.