América Móvil (NYSE:AMX) Rating Increased to Buy at StockNews.com

América Móvil (NYSE:AMX) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

A number of other analysts also recently issued reports on the company. The Goldman Sachs Group decreased their price target on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. Scotiabank decreased their target price 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 analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Stock Up 0.1 %

NYSE:AMX traded up $0.02 during mid-day trading on Tuesday, hitting $13.93. The stock had a trading volume of 1,182,472 shares, compared to its average volume of 1,395,284. América Móvil has a twelve month low of $13.63 and a twelve month high of $20.31. The stock has a 50-day simple moving average of $14.69 and a two-hundred day simple moving average of $16.04. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $42.77 billion, a PE ratio of 20.79, a PEG ratio of 1.32 and a beta of 0.93.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The firm had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. On average, equities research analysts anticipate that América Móvil will post 0.97 EPS for the current year.

Institutional Trading of América Móvil

A number of large investors have recently made changes to their positions in the company. Modus Advisors LLC acquired a new position in América Móvil during the fourth quarter worth approximately $80,000. ABS Direct Equity Fund LLC increased its holdings in shares of América Móvil by 21.4% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock valued at $6,772,000 after acquiring an additional 73,022 shares during the period. Barclays PLC raised its position in América Móvil by 36,692.9% in the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after purchasing an additional 149,707 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in América Móvil during the 3rd quarter worth $1,341,000. Finally, EP Wealth Advisors LLC acquired a new stake in América Móvil during the 3rd quarter worth $177,000. 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.