América Móvil (NYSE:AMX) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of América Móvil (NYSE:AMXGet Rating) from a buy rating to a strong-buy rating in a research report released on Monday.

A number of other research analysts have also weighed in on AMX. Citigroup raised América Móvil from a neutral rating to a buy rating and set a $23.00 price objective for the company in a research report on Thursday, August 4th. The Goldman Sachs Group reduced their price objective on América Móvil from $28.00 to $24.00 and set a buy rating for the company in a research report on Wednesday, October 26th. Barclays reduced their target price on América Móvil from $22.00 to $20.00 and set an overweight rating for the company in a report on Monday, October 17th. Piper Sandler raised América Móvil from a neutral rating to a buy rating in a report on Tuesday, September 20th. Finally, UBS Group raised América Móvil from a neutral rating to a buy rating and reduced their target price for the stock from $20.50 to $20.40 in a report on Monday, September 19th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, América Móvil currently has an average rating of Moderate Buy and a consensus target price of $21.68.

América Móvil Stock Down 0.2 %

AMX stock opened at $20.44 on Monday. América Móvil has a twelve month low of $16.13 and a twelve month high of $22.65. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.88. The firm has a market cap of $65.00 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 1.92 and a beta of 0.85. The business has a 50 day moving average of $18.08 and a 200 day moving average of $18.87.

Institutional Trading of América Móvil

Several large investors have recently modified their holdings of AMX. SG Americas Securities LLC bought a new stake in shares of América Móvil in the first quarter worth $101,000. Atria Investments LLC grew its holdings in shares of América Móvil by 31.1% in the first quarter. Atria Investments LLC now owns 64,361 shares of the Wireless communications provider’s stock worth $1,361,000 after acquiring an additional 15,281 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of América Móvil by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 584,694 shares of the Wireless communications provider’s stock worth $12,366,000 after acquiring an additional 7,849 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of América Móvil by 0.8% in the first quarter. Commonwealth Equity Services LLC now owns 121,778 shares of the Wireless communications provider’s stock worth $2,575,000 after acquiring an additional 951 shares during the period. Finally, Prospera Financial Services Inc purchased a new position in América Móvil during the first quarter valued at $1,268,000. Institutional investors own 5.71% of the company’s stock.

América Móvil Company Profile

(Get Rating)

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including 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.

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Analyst Recommendations for América Móvil (NYSE:AMX)

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