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

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

Several other research firms also recently weighed in on AMX. Scotiabank decreased their price target on shares of América Móvil from $19.60 to $19.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 25th. JPMorgan Chase & Co. raised their price target on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research note on Monday, April 1st. Finally, The Goldman Sachs Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and raised their price target for the stock from $21.00 to $22.00 in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.68.

América Móvil Stock Down 1.9 %

Shares of NYSE AMX opened at $17.99 on Tuesday. The company’s 50-day simple moving average is $18.10 and its 200-day simple moving average is $18.36. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 0.81. The firm has a market cap of $55.86 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.06 and a beta of 0.94. América Móvil has a 52-week low of $15.99 and a 52-week high of $21.61.

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). The business had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.96 billion. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. Equities analysts predict that América Móvil will post 1.45 EPS for the current fiscal year.

Institutional Investors Weigh In On América Móvil

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

América Móvil Company Profile

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.