Analysts Set América Móvil, S.A.B. de C.V. (NYSE:AMX) Price Target at $18.98

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have received a consensus rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $18.98.

AMX has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price target on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a report on Friday, November 15th. Scotiabank reduced 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. JPMorgan Chase & Co. dropped their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th.

América Móvil Stock Down 1.1 %

Shares of NYSE AMX opened at $13.67 on Friday. The firm has a market cap of $41.95 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 0.71 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil has a 1 year low of $13.63 and a 1 year high of $20.31. The firm’s 50 day moving average price is $14.58 and its 200 day moving average price is $15.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Discovery Capital Management LLC CT boosted its position in shares of América Móvil by 270.1% during the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after buying an additional 1,310,688 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of América Móvil by 76.0% during the third 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 purchasing an additional 317,800 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of América Móvil by 30.8% during the second 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 in the last quarter. AQR Capital Management LLC lifted its holdings in América Móvil by 343.1% in the second quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock worth $5,013,000 after purchasing an additional 228,353 shares during the period. Finally, International Assets Investment Management LLC grew its position in América Móvil by 1,545.1% in the 3rd quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock valued at $30,380,000 after buying an additional 174,414 shares in the last quarter. 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.