StockNews.com Begins Coverage on América Móvil (NYSE:AMX)

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

A number of other analysts have also weighed in on the stock. Scotiabank cut their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. The Goldman Sachs Group cut their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Stock Performance

Shares of NYSE:AMX opened at $15.19 on Friday. The company’s 50 day simple moving average is $16.12 and its 200 day simple moving average is $17.07. The stock has a market capitalization of $46.63 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 1.01 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 1 year low of $14.87 and a 1 year high of $20.31.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The firm had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. As a group, research analysts predict that América Móvil will post 1.25 EPS for the current fiscal year.

Hedge Funds Weigh In On América Móvil

Several hedge funds and other institutional investors have recently bought and sold shares of AMX. Rothschild Investment LLC bought a new stake in América Móvil in the second quarter valued at $59,000. CENTRAL TRUST Co increased its position in shares of América Móvil by 3,500.0% during the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after acquiring an additional 3,500 shares in the last quarter. Blue Trust Inc. increased its position in shares of América Móvil by 195.9% during the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after acquiring an additional 2,322 shares in the last quarter. Allworth Financial LP increased its position in shares of América Móvil by 46.1% during the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after acquiring an additional 1,567 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of América Móvil during the third quarter worth about $177,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.