StockNews.com Upgrades América Móvil (NYSE:AMX) to "Strong-Buy"

América Móvil (NYSE:AMX - Get Free Report) was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a report released on Thursday.

A number of other equities research analysts have also recently issued reports on AMX. Scotiabank reduced their target price on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered their target price on América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group cut their price objective on América Móvil from $17.80 to $17.60 and set a "buy" rating on the stock in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.23.

América Móvil Stock Performance

NYSE AMX traded up $0.46 during trading on Thursday, reaching $15.29. 2,383,679 shares of the company's stock were exchanged, compared to its average volume of 1,461,926. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The business has a 50 day moving average price of $14.32 and a 200-day moving average price of $15.52. The stock has a market capitalization of $46.95 billion, a P/E ratio of 22.82, a PEG ratio of 0.75 and a beta of 0.93. América Móvil has a fifty-two week low of $13.63 and a fifty-two week high of $20.31.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC grew 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 purchasing an additional 36,520 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in América Móvil by 55.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock valued at $243,000 after buying an additional 6,033 shares during the last quarter. ABS Direct Equity Fund LLC lifted its holdings in América Móvil by 21.4% during the third quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider's stock worth $6,772,000 after acquiring an additional 73,022 shares during the period. Blue Trust Inc. boosted its holdings in shares of 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 buying an additional 2,028 shares during the last quarter. Finally, Empirical Asset Management LLC bought a new position in América Móvil during the fourth quarter valued at $487,000. 6.30% of the stock is owned by institutional investors and hedge funds.

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.