América Móvil (NYSE:AMX) Stock Rating Upgraded by StockNews.com

América Móvil (NYSE:AMX) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

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

América Móvil Trading Up 0.9 %

Shares of NYSE:AMX opened at $14.06 on Tuesday. The company has a market capitalization of $43.16 billion, a P/E ratio of 20.99, a P/E/G ratio of 1.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The business’s 50 day simple moving average is $14.69 and its 200 day simple moving average is $16.04. América Móvil has a 1 year low of $13.63 and a 1 year high of $20.31.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS 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 analyst estimates of $11.97 billion. On average, research analysts anticipate that América Móvil will post 0.97 EPS for the current fiscal year.

Institutional Investors Weigh In On América Móvil

A number of institutional investors have recently added to or reduced their stakes in the business. Discovery Capital Management LLC CT increased its holdings in América Móvil by 270.1% in the second 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 purchasing an additional 1,310,688 shares during the period. Brandes Investment Partners LP raised its stake in América Móvil by 2.8% during the second quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock worth $20,479,000 after buying an additional 33,006 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in América Móvil by 30.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock worth $16,533,000 after acquiring an additional 228,856 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of América Móvil by 19.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock valued at $14,904,000 after purchasing an additional 151,114 shares during the period. Finally, American Century Companies Inc. grew its stake in América Móvil by 5.7% during the second quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider’s stock worth $15,079,000 after purchasing an additional 47,941 shares during the period. 6.30% of the stock is owned by institutional investors.

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.