Brokerages Set América Móvil, S.A.B. de C.V. (NYSE:AMX) PT at $17.22

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $17.22.

AMX has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. HSBC upgraded shares of América Móvil from a "hold" rating to a "buy" rating and upped their target price for the company from $15.50 to $17.50 in a research report on Monday. The Goldman Sachs Group cut their target price 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. Hsbc Global Res raised América Móvil from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th.

Institutional Investors Weigh In On América Móvil

A number of hedge funds and other institutional investors have recently made changes to their positions in AMX. Farther Finance Advisors LLC grew its holdings in shares of América Móvil by 21.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider's stock worth $55,000 after purchasing an additional 685 shares in the last quarter. Investors Research Corp raised its position in shares of América Móvil by 3.2% in the 1st quarter. Investors Research Corp now owns 25,701 shares of the Wireless communications provider's stock valued at $365,000 after buying an additional 800 shares in the last quarter. Transce3nd LLC bought a new stake in shares of América Móvil during the 4th quarter worth approximately $26,000. Gateway Investment Advisers LLC boosted its position in shares of América Móvil by 17.3% during the 4th quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider's stock worth $184,000 after acquiring an additional 1,893 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in América Móvil during the fourth quarter valued at approximately $29,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Price Performance

NYSE:AMX traded up $0.88 during mid-day trading on Monday, reaching $16.11. 3,224,972 shares of the company were exchanged, compared to its average volume of 1,757,013. América Móvil has a 12 month low of $13.10 and a 12 month high of $20.31. The stock has a market cap of $49.14 billion, a PE ratio of 32.88, a PEG ratio of 0.77 and a beta of 0.79. 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 company 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 posted its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts anticipate that América Móvil will post 1.51 EPS for the current fiscal year.

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.