América Móvil, S.A.B. de C.V. (NYSE:AMX) Given Average Rating of "Hold" by Brokerages

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) have been assigned an average rating of "Hold" from the five analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $18.22.

A number of analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of América Móvil from $17.80 to $17.60 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Scotiabank decreased their price target on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research note on Thursday. StockNews.com upgraded América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th.

América Móvil Stock Performance

Shares of NYSE:AMX traded up $0.46 on Wednesday, hitting $15.29. 2,383,679 shares of the company were exchanged, compared to its average volume of 1,461,926. 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 company's 50 day moving average price is $14.32 and its two-hundred day moving average price is $15.53. América Móvil has a one year low of $13.63 and a one year high of $20.31. The firm has a market capitalization of $46.95 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 0.75 and a beta of 0.93.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. Research analysts expect that América Móvil will post 0.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. FMR LLC increased its position in América Móvil by 125.6% in the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock valued at $1,073,000 after acquiring an additional 36,520 shares in the last quarter. ABS Direct Equity Fund LLC increased its holdings in shares of 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 valued at $6,772,000 after purchasing an additional 73,022 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of 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. Blue Trust Inc. raised its position in América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock worth $79,000 after purchasing an additional 2,028 shares during the last quarter. Finally, Empirical Asset Management LLC acquired a new position in América Móvil during the 4th quarter worth $487,000. 6.30% of the stock is owned by 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.