StockNews.com Lowers América Móvil (NYSE:AMX) to Buy

América Móvil (NYSE:AMX) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

AMX has been the topic of a number of other research reports. UBS Group reduced their price objective on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research note on Thursday, July 18th. The Goldman Sachs Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $21.00 to $22.00 in a report on Monday, April 29th. Finally, Scotiabank reduced their target price on shares of América Móvil from $19.00 to $18.90 and set a “sector perform” rating on the stock in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.65.

América Móvil Price Performance

Shares of AMX traded down $0.22 during trading hours on Thursday, hitting $16.50. The stock had a trading volume of 2,331,777 shares, compared to its average volume of 1,507,605. América Móvil has a 52 week low of $15.99 and a 52 week high of $20.64. The stock has a market capitalization of $51.23 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 1.02 and a beta of 0.94. The company’s fifty day moving average is $17.49 and its two-hundred day moving average is $18.26. 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 (NYSE:AMX) last posted its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.36). The firm had revenue of $11.93 billion for the quarter, compared to analyst estimates of $12.37 billion. América Móvil had a return on equity of 7.73% and a net margin of 3.98%. On average, analysts anticipate that América Móvil will post 1.37 EPS for the current year.

Institutional Trading of América Móvil

Several institutional investors and hedge funds have recently made changes to their positions in AMX. Private Ocean LLC acquired a new stake in shares of América Móvil during the first quarter worth $26,000. Principal Securities Inc. acquired a new position in shares of América Móvil during the 4th quarter worth about $41,000. First United Bank & Trust bought a new stake in shares of América Móvil in the 4th quarter valued at about $53,000. Rothschild Investment LLC acquired a new stake in shares of América Móvil in the 2nd quarter valued at approximately $59,000. Finally, Sound Income Strategies LLC boosted its stake in América Móvil by 43.5% during the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after acquiring an additional 1,051 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

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 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.