América Móvil (NYSE:AMX) Given New $13.70 Price Target at Scotiabank

América Móvil (NYSE:AMX) had its price target lowered by stock analysts at Scotiabank from $17.30 to $13.70 in a research note issued on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the Wireless communications provider’s stock. Scotiabank’s price objective would suggest a potential downside of 7.89% from the company’s previous close.

AMX has been the topic of several other research reports. JPMorgan Chase & Co. reduced their price target on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group decreased their price target on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.22.

América Móvil Price Performance

AMX traded up $0.07 during trading hours on Thursday, hitting $14.87. The company’s stock had a trading volume of 1,421,679 shares, compared to its average volume of 1,554,956. The business’s 50-day moving average price is $14.32 and its 200-day moving average price is $15.55. América Móvil has a 12 month low of $13.63 and a 12 month high of $20.31. The stock has a market cap of $45.66 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 0.75 and a beta of 0.93. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. Sell-side analysts expect that América Móvil will post 0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP acquired a new position in América Móvil during the fourth quarter worth $15,149,000. Robeco Institutional Asset Management B.V. boosted its position in América Móvil by 115.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock worth $28,065,000 after purchasing an additional 1,050,203 shares in the last quarter. ABC Arbitrage SA purchased a new stake in América Móvil during the fourth quarter worth $14,238,000. Russell Investments Group Ltd. boosted its position in América Móvil by 373.5% during the fourth quarter. Russell Investments Group Ltd. now owns 809,021 shares of the Wireless communications provider’s stock worth $11,577,000 after purchasing an additional 638,159 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in América Móvil by 76.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock worth $12,043,000 after purchasing an additional 317,800 shares in the last quarter. Institutional investors and hedge funds 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.