América Móvil (NYSE:AMX - Get Free Report) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.
A number of other analysts also recently issued reports on AMX. Scotiabank cut their price target on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group lowered their price objective on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research report on Wednesday, February 19th. One 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. Based on data from MarketBeat, América Móvil has an average rating of "Moderate Buy" and an average price target of $17.15.
Check Out Our Latest Stock Analysis on AMX
América Móvil Stock Up 0.8 %
Shares of NYSE AMX opened at $14.37 on Friday. The company has a 50 day simple moving average of $14.35 and a 200-day simple moving average of $15.20. The company has a market capitalization of $44.10 billion, a P/E ratio of 29.32, a P/E/G ratio of 0.77 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil has a 1 year low of $13.63 and a 1 year high of $20.31.
América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly 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%. On average, equities research analysts predict that América Móvil will post 1.51 earnings per share for the current year.
Hedge Funds Weigh In On América Móvil
A number of hedge funds have recently made changes to their positions in AMX. Transce3nd LLC purchased a new position in América Móvil in the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new position in América Móvil in the 4th quarter valued at approximately $29,000. Spire Wealth Management purchased a new position in América Móvil in the 4th quarter valued at approximately $32,000. Parvin Asset Management LLC purchased a new position in América Móvil in the 4th quarter valued at approximately $39,000. Finally, Farther Finance Advisors LLC boosted its position in 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 valued at $45,000 after buying an additional 1,414 shares during the period. Hedge funds and other institutional investors own 6.30% of the company's stock.
About América Móvil
(
Get Free Report)
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.
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