América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $21.23.

A number of equities research analysts have weighed in on AMX shares. UBS Group cut their price target on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. Scotiabank decreased their price target on shares of América Móvil from $18.90 to $17.80 and set a “sector perform” rating on the stock in a research report on Friday. Finally, StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

América Móvil Price Performance

NYSE AMX opened at $16.08 on Friday. América Móvil has a 12 month low of $15.55 and a 12 month high of $20.31. The firm has a market capitalization of $49.93 billion, a PE ratio of 14.89, a P/E/G ratio of 0.98 and a beta of 0.95. The company’s 50 day simple moving average is $16.86 and its 200 day simple moving average is $17.88. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The firm had revenue of $11.93 billion for the quarter, compared to analyst estimates of $12.37 billion. As a group, equities research analysts forecast that América Móvil will post 1.39 EPS for the current fiscal year.

Institutional Investors Weigh In On América Móvil

A number of institutional investors have recently bought and sold shares of AMX. Principal Securities Inc. acquired a new stake in shares of América Móvil during the fourth quarter worth approximately $41,000. Envestnet Portfolio Solutions Inc. lifted its position in América Móvil by 2.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider’s stock worth $400,000 after buying an additional 587 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of América Móvil by 49.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,075 shares of the Wireless communications provider’s stock valued at $353,000 after buying an additional 6,313 shares during the period. Quadrant Capital Group LLC increased its stake in shares of América Móvil by 18.1% in the fourth quarter. Quadrant Capital Group LLC now owns 10,576 shares of the Wireless communications provider’s stock worth $196,000 after acquiring an additional 1,623 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of América Móvil by 19.7% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 69,388 shares of the Wireless communications provider’s stock worth $1,285,000 after acquiring an additional 11,441 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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 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.