América Móvil (NYSE:AMX - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Wednesday.
AMX has been the topic of a number of other reports. Scotiabank lowered their price target on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. 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. Finally, The Goldman Sachs Group cut their target price on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.15.
Read Our Latest Stock Analysis on AMX
América Móvil Price Performance
Shares of AMX stock traded down $0.20 on Wednesday, hitting $14.23. 979,134 shares of the stock traded hands, compared to its average volume of 1,594,844. 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 52 week low of $13.63 and a 52 week high of $20.31. The firm has a 50 day simple moving average of $14.31 and a two-hundred day simple moving average of $15.38. The firm has a market cap of $43.67 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 0.77 and a beta of 0.93.
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%. As a group, equities research analysts predict that América Móvil will post 1.51 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of AMX. Mirae Asset Global Investments Co. Ltd. lifted its position in América Móvil by 5.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider's stock valued at $178,000 after purchasing an additional 608 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of América Móvil by 82.5% during 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 in the last quarter. Allworth Financial LP lifted its holdings in shares of América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock valued at $81,000 after acquiring an additional 1,567 shares during the last quarter. Transce3nd LLC purchased a new position in América Móvil in the fourth quarter worth about $26,000. Finally, Gateway Investment Advisers LLC increased its stake in América Móvil by 17.3% during the fourth 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 during the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.
América Móvil Company Profile
(
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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