América Móvil (NYSE:AMX) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of América Móvil (NYSE:AMX - Free Report) from a buy rating to a strong-buy rating in a report published on Thursday.

A number of other research analysts also recently issued reports on AMX. The Goldman Sachs Group reduced their price objective on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Scotiabank reduced their price objective 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, February 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.15.

América Móvil Trading Up 0.7 %

NYSE:AMX traded up $0.11 during midday trading on Thursday, reaching $14.87. 1,189,255 shares of the stock traded hands, compared to its average volume of 1,562,048. The company has a fifty day moving average of $14.33 and a 200 day moving average of $15.30. América Móvil has a 12 month low of $13.63 and a 12 month high of $20.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The stock has a market capitalization of $45.64 billion, a P/E ratio of 30.34, a PEG ratio of 0.77 and a beta of 0.93.

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América Móvil (NYSE:AMX - Get Free Report) last posted its quarterly earnings results 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, research analysts predict that América Móvil will post 1.51 EPS for the current year.

Institutional Trading of América Móvil

A number of hedge funds and other institutional investors have recently modified their holdings of AMX. Bank of America Corp DE grew its position in shares of América Móvil by 278.8% in 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 buying an additional 7,519,147 shares during the period. Lazard Asset Management LLC grew its position in shares of América Móvil by 12.6% in the 4th 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 during the period. BNP Paribas Financial Markets bought a new position in América Móvil in the 4th quarter worth about $16,791,000. Wellington Management Group LLP bought a new position in América Móvil in the 4th quarter worth about $15,149,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in América Móvil by 115.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock worth $28,065,000 after purchasing an additional 1,050,203 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.