America Movil (NYSE:AMX) Releases Earnings Results

America Movil (NYSE:AMX) posted its quarterly earnings results on Thursday. The Wireless communications provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08), Zacks reports. The business had revenue of $13.59 billion for the quarter, compared to analyst estimates of $13.09 billion. America Movil had a return on equity of 18.78% and a net margin of 8.78%.

America Movil Stock Down 0.3%

Shares of AMX traded down $0.08 during trading hours on Friday, hitting $23.79. The company had a trading volume of 1,637,964 shares, compared to its average volume of 2,589,751. The firm has a fifty day moving average price of $21.08 and a 200-day moving average price of $21.05. The stock has a market capitalization of $71.71 billion, a price-to-earnings ratio of 16.63 and a beta of 0.76. America Movil has a 52-week low of $13.10 and a 52-week high of $24.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.76 and a current ratio of 0.81.

Analyst Ratings Changes

Several equities research analysts recently commented on AMX shares. Bank of America started coverage on America Movil in a research report on Thursday, December 11th. They set a “neutral” rating and a $26.00 target price on the stock. Zacks Research lowered America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st. The Goldman Sachs Group set a $24.30 price objective on America Movil and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.34.

Institutional Trading of America Movil

Several large investors have recently modified their holdings of the company. Brighton Jones LLC bought a new position in America Movil in the fourth quarter worth about $154,000. Cerity Partners LLC grew its stake in shares of America Movil by 98.8% during the 2nd quarter. Cerity Partners LLC now owns 27,154 shares of the Wireless communications provider’s stock worth $487,000 after purchasing an additional 13,494 shares during the period. Franklin Resources Inc. purchased a new stake in America Movil during the second quarter worth $201,000. Jane Street Group LLC increased its stake in shares of America Movil by 9.5% in the 1st quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock valued at $719,000 after purchasing an additional 4,373 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of America Movil by 2,189.8% in the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock valued at $330,000 after purchasing an additional 22,226 shares during the period. Institutional investors own 6.30% of the company’s stock.

America Movil Company Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.