América Móvil (NYSE:AMX) Raised to Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of América Móvil (NYSE:AMX) from a neutral rating to a buy rating in a research report report published on Monday morning, MarketBeat Ratings reports. The brokerage currently has $22.00 price objective on the Wireless communications provider’s stock, up from their previous price objective of $21.00.

Several other research firms have also recently commented on AMX. Scotiabank raised their target price on América Móvil from $16.60 to $17.20 and gave the stock a sector perform rating in a research note on Thursday, April 25th. Jefferies Financial Group raised América Móvil from a hold rating to a buy rating and raised their target price for the stock from $19.16 to $22.22 in a research note on Friday, February 16th. StockNews.com raised América Móvil from a hold rating to a buy rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. raised their target price on América Móvil from $15.00 to $17.50 and gave the stock an underweight rating in a research note on Monday, April 1st. Finally, UBS Group raised their target price on América Móvil from $21.00 to $22.80 and gave the stock a buy rating in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $22.08.

América Móvil Trading Up 0.4 %

Shares of AMX stock opened at $19.13 on Monday. The stock has a market cap of $59.40 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.37 and a beta of 0.98. The stock has a 50-day moving average of $18.73 and a 200-day moving average of $18.17. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83. América Móvil has a 1-year low of $15.99 and a 1-year high of $23.07.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08. The company had revenue of $11.45 billion during the quarter, compared to analysts’ expectations of $11.92 billion. América Móvil had a return on equity of 14.07% and a net margin of 7.28%. On average, equities research analysts forecast that América Móvil will post 1.51 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMX. Asset Management One Co. Ltd. lifted its holdings in shares of América Móvil by 148.1% in the third quarter. Asset Management One Co. Ltd. now owns 200,690 shares of the Wireless communications provider’s stock valued at $3,476,000 after purchasing an additional 119,788 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of América Móvil by 4.1% in the third quarter. Raymond James & Associates now owns 201,144 shares of the Wireless communications provider’s stock valued at $3,484,000 after purchasing an additional 7,969 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of América Móvil by 31.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 91,714 shares of the Wireless communications provider’s stock valued at $1,588,000 after purchasing an additional 21,985 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of América Móvil by 4.0% in the third quarter. Whittier Trust Co. now owns 45,187 shares of the Wireless communications provider’s stock valued at $782,000 after purchasing an additional 1,723 shares in the last quarter. Finally, TIAA Trust National Association bought a new position in shares of América Móvil in the third quarter valued at approximately $258,000. 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 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.