América Móvil (NYSE:AMX) Downgraded by StockNews.com to “Buy”

América Móvil (NYSE:AMX) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group cut their price target on América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a report on Monday, October 14th. UBS Group dropped their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research note on Thursday, July 18th. Finally, Scotiabank decreased their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.32.

América Móvil Trading Up 0.9 %

AMX stock opened at $17.13 on Friday. The business has a fifty day moving average price of $16.57 and a 200 day moving average price of $17.53. 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 has a fifty-two week low of $15.55 and a fifty-two week high of $20.31. The stock has a market capitalization of $53.19 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 0.98 and a beta of 0.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMX. Headlands Technologies LLC lifted its stake 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 valued at $81,000 after buying an additional 3,539 shares during the period. Capstone Investment Advisors LLC bought a new position in América Móvil during the 1st quarter worth approximately $1,353,000. Envestnet Asset Management Inc. grew its holdings in América Móvil by 30.8% during the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after purchasing an additional 228,856 shares during the period. Cetera Investment Advisers increased its stake in América Móvil by 43.9% in the first quarter. Cetera Investment Advisers now owns 117,758 shares of the Wireless communications provider’s stock valued at $2,197,000 after purchasing an additional 35,930 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in América Móvil in the first quarter valued at approximately $679,000. 6.30% of the stock is currently owned by 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 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.