América Móvil (NYSE:AMX) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of América Móvil (NYSE:AMX) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

Several other equities research analysts also recently issued reports on AMX. JPMorgan Chase & Co. cut their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group reduced their target price on América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Scotiabank decreased their target price on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.15.

América Móvil Trading Up 0.9 %

NYSE:AMX opened at $14.48 on Friday. The company has a market cap of $44.44 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. América Móvil has a twelve month low of $13.63 and a twelve month high of $20.31. The business has a 50 day moving average price of $14.35 and a two-hundred day moving average price of $15.17. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last posted its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. As a group, analysts expect that América Móvil will post 1.51 EPS for the current fiscal year.

Hedge Funds Weigh In On América Móvil

A number of institutional investors have recently added to or reduced their stakes in AMX. Lazard Asset Management LLC increased its position in América Móvil by 12.6% in the 4th quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider’s stock valued at $201,621,000 after acquiring an additional 1,571,290 shares during the period. Bank of America Corp DE boosted its position in shares of América Móvil by 278.8% during the 4th quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider’s stock valued at $146,191,000 after purchasing an additional 7,519,147 shares in the last quarter. First Trust Advisors LP grew its stake in América Móvil by 1.7% during the fourth quarter. First Trust Advisors LP now owns 2,999,200 shares of the Wireless communications provider’s stock worth $42,919,000 after purchasing an additional 48,849 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in América Móvil by 115.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock worth $28,065,000 after purchasing an additional 1,050,203 shares in the last quarter. Finally, Capital International Sarl lifted its stake in América Móvil by 2.4% in the fourth quarter. Capital International Sarl now owns 1,207,240 shares of the Wireless communications provider’s stock valued at $17,276,000 after buying an additional 28,676 shares during the period. 6.30% of the stock is currently 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.