America Movil (NYSE:AMX) Rating Increased to Strong-Buy at Wall Street Zen

America Movil (NYSE:AMX) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday.

AMX has been the topic of a number of other reports. New Street Research restated a “buy” rating and set a $35.00 price target on shares of America Movil in a research note on Wednesday, June 17th. Scotiabank dropped their price objective on America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. The Goldman Sachs Group started coverage on America Movil in a report on Monday, May 18th. They issued a “buy” rating and a $31.80 price objective on the stock. Weiss Ratings upgraded America Movil from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, UBS Group lifted their target price on America Movil to $31.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.16.

America Movil Trading Up 0.4%

Shares of America Movil stock traded up $0.11 on Friday, reaching $25.95. The company had a trading volume of 1,768,929 shares, compared to its average volume of 1,089,370. The firm’s 50 day moving average price is $26.28 and its two-hundred day moving average price is $24.37. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.67 and a current ratio of 0.72. America Movil has a 52-week low of $16.92 and a 52-week high of $28.46. The firm has a market cap of $78.12 billion, a PE ratio of 16.53, a PEG ratio of 0.83 and a beta of 0.66.

America Movil (NYSE:AMX) last posted its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. The firm had revenue of $13.24 billion during the quarter. Sell-side analysts predict that America Movil will post 1.91 earnings per share for the current fiscal year.

Institutional Trading of America Movil

A number of large investors have recently modified their holdings of AMX. Camelot Portfolios LLC acquired a new stake in shares of America Movil in the fourth quarter valued at $31,000. Atlas Capital Advisors Inc. acquired a new position in America Movil during the 4th quarter worth $37,000. Beacon Financial Strategies CORP acquired a new position in America Movil during the 4th quarter worth $43,000. EverSource Wealth Advisors LLC increased its holdings in America Movil by 142.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 1,235 shares during the period. Finally, Arax Advisory Partners increased its holdings in America Movil by 34.0% during the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after purchasing an additional 612 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

About America Movil

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.