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

StockNews.com initiated coverage on shares of América Móvil (NYSE:AMX) in a research note issued to investors on Tuesday morning. The brokerage issued a strong-buy rating on the Wireless communications provider’s stock.

Several other research firms also recently commented on AMX. The Goldman Sachs Group cut their price objective on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a report on Wednesday, February 19th. Scotiabank lowered their target price on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. Hsbc Global Res upgraded shares of América Móvil from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Finally, HSBC raised shares of América Móvil from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $15.50 to $17.50 in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.22.

América Móvil Stock Up 1.3%

América Móvil stock opened at $17.57 on Tuesday. América Móvil has a twelve month low of $13.10 and a twelve month high of $19.84. The firm has a 50 day moving average price of $15.59 and a 200-day moving average price of $14.94. The company has a market capitalization of $53.32 billion, a P/E ratio of 35.86, a P/E/G ratio of 0.77 and a beta of 0.82. 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 released its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $11.28 billion. América Móvil had a return on equity of 6.38% and a net margin of 3.25%. As a group, equities analysts predict that América Móvil will post 1.51 EPS for the current year.

Institutional Trading of América Móvil

Several hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. lifted its stake in América Móvil by 0.4% in the first quarter. Crossmark Global Holdings Inc. now owns 148,779 shares of the Wireless communications provider’s stock worth $2,116,000 after purchasing an additional 585 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of América Móvil by 21.9% during the first quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider’s stock valued at $55,000 after buying an additional 685 shares during the period. US Bancorp DE increased its position in shares of América Móvil by 0.3% during the first quarter. US Bancorp DE now owns 232,570 shares of the Wireless communications provider’s stock valued at $3,307,000 after buying an additional 693 shares during the period. Investors Research Corp increased its position in shares of América Móvil by 3.2% during the first quarter. Investors Research Corp now owns 25,701 shares of the Wireless communications provider’s stock valued at $365,000 after buying an additional 800 shares during the period. Finally, Signaturefd LLC increased its position in shares of América Móvil by 10.4% during the first quarter. Signaturefd LLC now owns 9,976 shares of the Wireless communications provider’s stock valued at $142,000 after buying an additional 937 shares during the period. 6.30% of the stock is owned by institutional investors.

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.