América Móvil (NYSE:AMX) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of América Móvil (NYSE:AMX) in a report issued on Friday. The firm set a “buy” rating on the Wireless communications provider’s stock.

Several other brokerages also recently commented on AMX. JPMorgan Chase & Co. raised their price target on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a report on Monday, April 1st. The Goldman Sachs Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $21.00 to $22.00 in a research report on Monday, April 29th. Finally, Scotiabank decreased their target price on shares of América Móvil from $19.60 to $19.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.69.

América Móvil Price Performance

Shares of NYSE AMX opened at $17.00 on Friday. América Móvil has a twelve month low of $15.99 and a twelve month high of $22.26. The firm has a fifty day simple moving average of $18.42 and a 200 day simple moving average of $18.43. The company has a market capitalization of $52.79 billion, a PE ratio of 15.74, a P/E/G ratio of 0.98 and a beta of 0.95. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 0.81.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.17). América Móvil had a net margin of 7.28% and a return on equity of 13.93%. The company had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.96 billion. On average, sell-side analysts forecast that América Móvil will post 1.45 EPS for the current year.

Institutional Trading of América Móvil

A number of large investors have recently made changes to their positions in the company. Private Ocean LLC acquired a new position in América Móvil in the 1st quarter valued at about $26,000. Principal Securities Inc. acquired a new stake in shares of América Móvil during the 4th quarter valued at approximately $41,000. Sound Income Strategies LLC raised its position in shares of América Móvil by 1,729.5% during the 4th quarter. Sound Income Strategies LLC now owns 2,415 shares of the Wireless communications provider’s stock valued at $45,000 after acquiring an additional 2,283 shares in the last quarter. First United Bank & Trust acquired a new stake in América Móvil in the fourth quarter worth $53,000. Finally, Headlands Technologies LLC increased its position in América Móvil by 448.5% in the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 3,539 shares during the period. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

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.