América Móvil (NYSE:AMX) PT Raised to $17.20 at Scotiabank

América Móvil (NYSE:AMX) had its price objective hoisted by equities research analysts at Scotiabank from $16.60 to $17.20 in a report issued on Thursday, Benzinga reports. The firm currently has a “sector perform” rating on the Wireless communications provider’s stock. Scotiabank’s target price would suggest a potential downside of 8.61% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group raised their target price on shares of América Móvil from $19.50 to $21.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Jefferies Financial Group raised shares of América Móvil from a “hold” rating to a “buy” rating and raised their price target for the stock from $19.16 to $22.22 in a research note on Friday, February 16th. UBS Group raised their price target on shares of América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. raised their price target on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research note on Monday, April 1st. Finally, StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, América Móvil has a consensus rating of “Moderate Buy” and an average price target of $21.97.

América Móvil Price Performance

AMX stock opened at $18.82 on Thursday. América Móvil has a 52 week low of $15.99 and a 52 week high of $23.07. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.83. The company has a fifty day simple moving average of $18.69 and a two-hundred day simple moving average of $18.12. The firm has a market capitalization of $58.81 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 1.29 and a beta of 0.98.

América Móvil (NYSE:AMX) last released its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.08. The firm had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.92 billion. América Móvil had a net margin of 7.28% and a return on equity of 14.07%. Analysts anticipate that América Móvil will post 1.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AMX. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of América Móvil by 2.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider’s stock valued at $400,000 after buying an additional 587 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC boosted its holdings in shares of América Móvil by 2.8% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 30,723 shares of the Wireless communications provider’s stock valued at $532,000 after buying an additional 826 shares in the last quarter. NewEdge Wealth LLC boosted its holdings in shares of América Móvil by 5.9% in the 4th quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider’s stock valued at $313,000 after buying an additional 944 shares in the last quarter. Sound Income Strategies LLC boosted 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 in the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in shares of América Móvil by 7.2% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 16,797 shares of the Wireless communications provider’s stock valued at $311,000 after buying an additional 1,133 shares in the last quarter. Hedge funds and other institutional investors 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 also 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.