JPMorgan Chase & Co. Cuts América Móvil (NYSE:AMX) Price Target to $15.00

América Móvil (NYSE:AMX) had its price objective cut by JPMorgan Chase & Co. from $17.00 to $15.00 in a report issued on Thursday,Benzinga reports. They currently have an underweight rating on the Wireless communications provider’s stock.

Other research analysts also recently issued research reports about the stock. Scotiabank dropped their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group dropped their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.98.

América Móvil Trading Down 1.1 %

Shares of AMX stock opened at $13.67 on Thursday. The business has a 50-day moving average of $14.58 and a 200 day moving average of $15.98. 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 stock has a market capitalization of $41.95 billion, a PE ratio of 20.40, a P/E/G ratio of 0.71 and a beta of 0.93. América Móvil has a 1-year low of $13.63 and a 1-year high of $20.31.

Institutional Investors Weigh In On América Móvil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake 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 valued at $16,533,000 after purchasing an additional 228,856 shares during the last quarter. FMR LLC boosted its holdings in América Móvil by 125.6% in the third quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock valued at $1,073,000 after purchasing an additional 36,520 shares during the last quarter. Brandes Investment Partners LP grew its position in América Móvil by 2.8% during the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock worth $20,479,000 after purchasing an additional 33,006 shares during the period. Discovery Capital Management LLC CT raised 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 during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of América Móvil by 343.1% in the 2nd quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock valued at $5,013,000 after buying an additional 228,353 shares during the period. 6.30% of the stock is currently owned by hedge funds and other 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.