América Móvil (NYSE:AMX) Announces Quarterly Earnings Results

América Móvil (NYSE:AMX) released its quarterly earnings data on Wednesday. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.27), Zacks reports. América Móvil had a return on equity of 8.61% and a net margin of 4.45%.

América Móvil Trading Up 0.5 %

Shares of NYSE AMX opened at $14.80 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average price is $14.33 and its two-hundred day moving average price is $15.55. América Móvil has a 52-week low of $13.63 and a 52-week high of $20.31. The stock has a market capitalization of $45.44 billion, a P/E ratio of 22.09, a PEG ratio of 0.75 and a beta of 0.93.

Analyst Ratings Changes

Several analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a report on Tuesday, January 28th. StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Scotiabank dropped their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. reduced their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, América Móvil has a consensus rating of “Moderate Buy” and a consensus target price of $18.94.

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.