América Móvil (NYSE:AMX) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of América Móvil (NYSE:AMX) in a report issued on Wednesday. The firm set a “strong-buy” rating on the Wireless communications provider’s stock.

AMX has been the topic of a number of other reports. UBS Group lowered their price target on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. JPMorgan Chase & Co. lifted their target price on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research note on Monday, April 1st. The Goldman Sachs Group upgraded América Móvil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $22.00 in a report on Monday, April 29th. Finally, Scotiabank cut their price target on América Móvil from $19.00 to $18.90 and set a “sector perform” rating for the company in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, América Móvil presently has a consensus rating of “Moderate Buy” and an average price target of $21.65.

América Móvil Price Performance

América Móvil stock opened at $17.10 on Wednesday. The stock has a market cap of $53.10 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.01 and a beta of 0.94. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63. América Móvil has a 1 year low of $15.99 and a 1 year high of $21.61. The firm has a 50-day moving average of $17.79 and a two-hundred day moving average of $18.32.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.36). América Móvil had a return on equity of 7.73% and a net margin of 3.98%. The company had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.37 billion. On average, research analysts forecast that América Móvil will post 1.45 earnings per share for the current year.

Institutional Trading of América Móvil

A number of hedge funds and other institutional investors have recently made changes to their positions in AMX. Private Ocean LLC purchased a new position in shares of América Móvil during the 1st quarter valued at $26,000. Principal Securities Inc. bought a new position in shares of América Móvil in the 4th quarter valued at about $41,000. First United Bank & Trust bought a new stake in shares of América Móvil in the fourth quarter worth about $53,000. Sound Income Strategies LLC grew its position in América Móvil by 43.5% in the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock valued at $65,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Headlands Technologies LLC boosted its holdings in shares of América Móvil by 448.5% in the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 3,539 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors.

About América Móvil

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 also 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.