América Móvil (NYSE:AMX) Stock Price Up 4.6% - Time to Buy?

América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) traded up 4.6% on Thursday . The company traded as high as $15.26 and last traded at $15.13. 205,030 shares were traded during mid-day trading, a decline of 87% from the average session volume of 1,632,461 shares. The stock had previously closed at $14.46.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group dropped their price target on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. Scotiabank reduced their price target on América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.15.

América Móvil Trading Down 1.6 %

The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $41.59 billion, a P/E ratio of 27.76, a P/E/G ratio of 0.77 and a beta of 0.79. The firm has a 50-day moving average of $14.46 and a two-hundred day moving average of $14.94.

América Móvil (NYSE:AMX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. On average, analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Hedge Funds Weigh In On América Móvil

A number of hedge funds have recently bought and sold shares of the company. FMR LLC lifted its position in shares of América Móvil by 125.6% during the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock valued at $1,073,000 after buying an additional 36,520 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in 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 purchasing an additional 6,033 shares in the last quarter. ABS Direct Equity Fund LLC grew its position in 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 worth $6,772,000 after acquiring an additional 73,022 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 1,414 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in América Móvil by 57.8% in the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock worth $79,000 after buying an additional 2,028 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other 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.