América Móvil (NYSE:AMX) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of América Móvil (NYSE:AMX) from a buy rating to a strong-buy rating in a research note released on Saturday.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Scotiabank reduced their price target on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group decreased their target price on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, América Móvil presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.15.

América Móvil Trading Up 0.8 %

Shares of AMX stock opened at $14.37 on Friday. The company has a market cap of $44.10 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 0.77 and a beta of 0.95. The stock has a 50 day simple moving average of $14.35 and a 200-day simple moving average of $15.19. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil has a 1-year low of $13.63 and a 1-year high of $20.31.

América Móvil (NYSE:AMX) last announced its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. On average, equities research analysts expect that América Móvil will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of América Móvil by 82.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock worth $45,000 after buying an additional 1,414 shares during the last quarter. Transce3nd LLC acquired a new stake in América Móvil in the fourth quarter valued at about $26,000. Gateway Investment Advisers LLC lifted its holdings in shares of América Móvil by 17.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider’s stock valued at $184,000 after buying an additional 1,893 shares during the period. Lee Danner & Bass Inc. acquired a new stake in América Móvil in the fourth quarter valued at $29,000. Finally, Blue Trust Inc. boosted its holdings in América Móvil by 57.8% during the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock worth $79,000 after buying an additional 2,028 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.