Analysts Set América Móvil, S.A.B. de C.V. (NYSE:AMX) Price Target at $17.22

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $17.22.

Several research analysts have recently commented on the company. The Goldman Sachs Group reduced their price target on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Hsbc Global Res upgraded shares of América Móvil from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. HSBC upgraded shares of América Móvil from a “hold” rating to a “buy” rating and boosted their price target for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. UBS Group downgraded América Móvil from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen raised América Móvil from a “hold” rating to a “buy” rating in a research report on Wednesday, May 28th.

América Móvil Trading Down 0.9%

Shares of NYSE:AMX opened at $16.83 on Tuesday. The business’s 50 day moving average price is $16.40 and its 200-day moving average price is $15.12. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a market capitalization of $51.06 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 0.77 and a beta of 0.78. América Móvil has a 1 year low of $13.10 and a 1 year high of $18.73.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $11.28 billion. América Móvil had a net margin of 3.25% and a return on equity of 6.38%. On average, equities research analysts forecast that América Móvil will post 1.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On América Móvil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Transce3nd LLC acquired a new stake in shares of América Móvil in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new stake in América Móvil in the fourth quarter valued at $29,000. Spire Wealth Management acquired a new stake in América Móvil in the fourth quarter valued at $32,000. Parvin Asset Management LLC acquired a new stake in América Móvil in the fourth quarter valued at $39,000. Finally, Garde Capital Inc. acquired a new stake in América Móvil in the first quarter valued at $40,000. 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.