América Móvil (NYSE:AMX) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of América Móvil (NYSE:AMX) in a research report released on Wednesday. The firm issued a strong-buy rating on the Wireless communications provider’s stock.

A number of other research analysts also recently issued reports on AMX. UBS Group cut their price target on América Móvil from $23.30 to $22.60 and set a buy rating on the stock in a report on Thursday, July 18th. Scotiabank cut their price target on América Móvil from $18.90 to $17.80 and set a sector perform rating on the stock in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $21.23.

América Móvil Trading Up 2.3 %

AMX opened at $16.56 on Wednesday. The stock’s fifty day moving average is $16.61 and its two-hundred day moving average is $17.69. The company has a market capitalization of $51.42 billion, a P/E ratio of 15.33, a PEG ratio of 0.98 and a beta of 0.95. América Móvil has a 52 week low of $15.55 and a 52 week high of $20.31. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.36). The firm had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.37 billion. América Móvil had a return on equity of 7.73% and a net margin of 3.98%. Analysts forecast that América Móvil will post 1.39 earnings per share for the current year.

Institutional Trading of América Móvil

A number of institutional investors have recently made changes to their positions in AMX. Profund Advisors LLC lifted its position in América Móvil by 1.7% during the 2nd quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock worth $638,000 after acquiring an additional 630 shares during the period. Bleakley Financial Group LLC lifted its position in América Móvil by 1.5% during the 1st quarter. Bleakley Financial Group LLC now owns 58,918 shares of the Wireless communications provider’s stock worth $1,099,000 after acquiring an additional 864 shares during the period. Oppenheimer Asset Management Inc. lifted its position in América Móvil by 6.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock worth $284,000 after acquiring an additional 1,025 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of América Móvil by 43.5% in the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock valued at $65,000 after buying an additional 1,051 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of América Móvil by 1.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 117,906 shares of the Wireless communications provider’s stock valued at $2,200,000 after buying an additional 1,377 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.