América Móvil (NYSE:AMX) Now Covered by StockNews.com

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

Several other analysts also recently commented on the stock. The Goldman Sachs Group lowered their target price on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a report on Monday, October 14th. Scotiabank decreased their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. Finally, UBS Group cut their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, América Móvil currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.48.

América Móvil Trading Up 0.6 %

AMX opened at $15.10 on Thursday. The firm has a market capitalization of $46.36 billion, a PE ratio of 22.49, a P/E/G ratio of 0.93 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil has a fifty-two week low of $14.94 and a fifty-two week high of $20.31. The company’s 50-day moving average is $16.23 and its 200 day moving average is $17.21.

América Móvil (NYSE:AMX) last posted its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The company had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. As a group, research analysts predict that América Móvil will post 1.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMX. Capital International Investors lifted its holdings in América Móvil by 4.4% during the first quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock valued at $1,219,228,000 after purchasing an additional 2,741,127 shares during the last quarter. Discovery Capital Management LLC CT lifted its stake in shares of América Móvil by 270.1% during the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock valued at $30,532,000 after buying an additional 1,310,688 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in América Móvil by 9.9% in the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock worth $233,777,000 after buying an additional 1,128,671 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in América Móvil by 76.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after buying an additional 317,800 shares in the last quarter. Finally, Capital International Inc. CA raised its holdings in América Móvil by 9.5% during the 1st quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock valued at $55,735,000 after acquiring an additional 258,203 shares during the period. 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 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.