América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives $20.60 Average Target Price from Brokerages

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $20.60.

AMX has been the topic of several research analyst reports. Scotiabank lowered their target price on shares of América Móvil from $18.90 to $17.80 and set a "sector perform" rating on the stock in a research note on Friday, September 20th. StockNews.com started coverage on shares of América Móvil in a research report on Thursday. They issued a "strong-buy" rating for the company. Finally, UBS Group dropped their price target on América Móvil from $23.30 to $22.60 and set a "buy" rating on the stock in a research note on Thursday, July 18th.

América Móvil Stock Down 0.2 %

AMX traded down $0.04 during trading on Thursday, reaching $16.09. The stock had a trading volume of 2,416,898 shares, compared to its average volume of 1,541,527. América Móvil has a one year low of $15.55 and a one year high of $20.31. The company has a market capitalization of $49.96 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 0.98 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The stock's 50 day moving average is $16.58 and its two-hundred day moving average is $17.63.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The firm had revenue of $11.93 billion for the quarter, compared to the consensus estimate of $12.37 billion. As a group, analysts expect that América Móvil will post 1.39 earnings per share for the current year.

Institutional Trading of América Móvil

Several institutional investors and hedge funds have recently modified their holdings of AMX. Private Ocean LLC purchased a new position in América Móvil during the first quarter valued at $26,000. Sound Income Strategies LLC increased its stake in América Móvil by 43.5% in the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider's stock worth $65,000 after purchasing an additional 1,051 shares during the period. Rothschild Investment LLC bought a new stake in shares of América Móvil during the second quarter worth $59,000. Headlands Technologies LLC grew its holdings in shares of América Móvil by 448.5% in the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 3,539 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in América Móvil by 32.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 8,177 shares of the Wireless communications provider's stock worth $153,000 after buying an additional 2,007 shares during the period. 6.30% of the stock is currently owned by 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.