StockNews.com Initiates Coverage on América Móvil (NYSE:AMX)

StockNews.com assumed coverage on shares of América Móvil (NYSE:AMX) in a research report report published on Wednesday morning. The firm issued a strong-buy rating on the Wireless communications provider’s stock.

Several other equities research analysts have also recently issued reports on the company. UBS Group lowered their price objective on América Móvil from $23.30 to $22.60 and set a buy rating on the stock in a report on Thursday, July 18th. Scotiabank lowered their price target on América Móvil from $18.90 to $17.80 and set a sector perform rating on the stock in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $20.60.

América Móvil Stock Performance

Shares of AMX stock opened at $16.56 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. América Móvil has a 12-month low of $15.55 and a 12-month high of $20.31. The business’s 50 day moving average is $16.61 and its two-hundred day moving average is $17.68. The company has a market capitalization of $51.42 billion, a P/E ratio of 15.33, a P/E/G ratio of 0.98 and a beta of 0.95.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.36). The company had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.37 billion. América Móvil had a net margin of 3.98% and a return on equity of 7.73%. Analysts expect that América Móvil will post 1.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC boosted its holdings in 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 purchasing an additional 3,539 shares during the last quarter. Capital International Investors lifted its stake in shares of América Móvil by 9.9% in the 4th quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock valued at $1,158,783,000 after purchasing an additional 5,627,860 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of América Móvil by 178.8% in the 4th quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock valued at $181,891,000 after purchasing an additional 6,298,239 shares during the last quarter. Oaktree Capital Management LP acquired a new stake in shares of América Móvil during the 4th quarter worth about $42,575,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of América Móvil during the 1st quarter worth about $1,353,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

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 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.