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

Equities research analysts at StockNews.com assumed coverage on shares of América Móvil (NYSE:AMX) in a report issued on Wednesday. The brokerage set a “buy” rating on the Wireless communications provider’s stock.

AMX has been the subject of several other research reports. The Goldman Sachs Group reduced their price target on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a research report on Monday, October 14th. UBS Group lowered 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. Finally, Scotiabank reduced their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. One investment 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.08.

América Móvil Trading Down 1.0 %

Shares of NYSE:AMX opened at $15.89 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. The company’s 50 day moving average is $16.36 and its two-hundred day moving average is $17.34. The company has a market cap of $49.01 billion, a PE ratio of 23.71, a P/E/G ratio of 0.98 and a beta of 0.95. América Móvil has a 52 week low of $15.17 and a 52 week high of $20.31.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The firm had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. Equities analysts predict that América Móvil will post 1.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On América Móvil

Institutional investors and hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC acquired a new stake in shares of América Móvil in the second quarter valued at approximately $59,000. Blue Trust Inc. raised its position in shares of América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after buying an additional 2,322 shares during the last quarter. CENTRAL TRUST Co raised its holdings in América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 3,500 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of América Móvil by 448.5% during the 1st 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 period. Finally, Allworth Financial LP boosted its holdings in shares of América Móvil by 46.1% during the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 1,567 shares during the last quarter. 6.30% of the stock is currently owned by hedge funds and other 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.