América Móvil (NYSE:AMX) Rating Increased to Buy at HSBC

HSBC upgraded shares of América Móvil (NYSE:AMX - Free Report) from a hold rating to a buy rating in a research note published on Monday morning, Marketbeat Ratings reports. They currently have $17.50 target price on the Wireless communications provider's stock, up from their previous target price of $15.50.

Other analysts have also recently issued reports about the company. StockNews.com raised América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. Scotiabank reduced their target price on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group dropped their price target on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Finally, 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.22.

América Móvil Trading Up 5.8 %

NYSE:AMX traded up $0.88 on Monday, reaching $16.11. 3,224,972 shares of the company's stock were exchanged, compared to its average volume of 1,757,013. The firm has a market capitalization of $49.14 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth 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. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The business has a fifty day moving average of $14.48 and a 200-day moving average of $14.84.

América Móvil (NYSE:AMX - Get Free Report) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) 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%. As a group, analysts expect that América Móvil will post 1.51 earnings per share for the current year.

Hedge Funds Weigh In On América Móvil

Several hedge funds have recently added to or reduced their stakes in AMX. Bank of America Corp DE increased its stake in shares of América Móvil by 278.8% during the 4th quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock worth $146,191,000 after purchasing an additional 7,519,147 shares in the last quarter. Lazard Asset Management LLC increased its position in América Móvil by 12.6% during the fourth quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock worth $201,621,000 after buying an additional 1,571,290 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of América Móvil in the fourth quarter worth $16,791,000. Wellington Management Group LLP purchased a new stake in shares of América Móvil in the fourth quarter valued at $15,149,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of América Móvil by 115.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock valued at $28,065,000 after acquiring an additional 1,050,203 shares during the last quarter. 6.30% of the stock is currently owned by hedge funds and other 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.