StockNews.com assumed coverage on shares of América Móvil (NYSE:AMX – Get Free Report) in a research report issued to clients and investors on Friday. The firm set a “buy” rating on the Wireless communications provider’s stock.
A number of other brokerages have also recently commented on AMX. Scotiabank reduced their price target on shares of América Móvil from $19.60 to $19.00 and set a “sector perform” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a report on Monday, April 1st. Finally, The Goldman Sachs Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $22.00 in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.69.
Read Our Latest Research Report on AMX
América Móvil Stock Down 0.7 %
América Móvil (NYSE:AMX – Get Free Report) last posted its quarterly earnings data on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). The firm had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.96 billion. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. As a group, research analysts anticipate that América Móvil will post 1.45 EPS for the current fiscal year.
Institutional Investors Weigh In On América Móvil
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMX. Capital International Investors lifted its stake in América Móvil by 9.9% during the 4th quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock worth $1,158,783,000 after acquiring an additional 5,627,860 shares in the last quarter. Schroder Investment Management Group boosted its holdings in América Móvil by 178.8% in the fourth quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock valued at $181,891,000 after purchasing an additional 6,298,239 shares during the period. Oaktree Capital Management LP acquired a new position in América Móvil during the 4th quarter worth $42,575,000. Capital International Sarl increased its holdings in América Móvil by 13.5% during the 4th quarter. Capital International Sarl now owns 1,128,480 shares of the Wireless communications provider’s stock worth $20,899,000 after purchasing an additional 134,047 shares during the period. Finally, Sei Investments Co. raised its position in América Móvil by 15.4% in the 3rd quarter. Sei Investments Co. now owns 874,457 shares of the Wireless communications provider’s stock valued at $15,146,000 after purchasing an additional 117,008 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 also 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.
Further Reading
- Five stocks we like better than América Móvil
- How to Calculate Options Profits
- BlackBerry Stock: Strong Earnings, Profitability Challenges Ahead
- Profitably Trade Stocks at 52-Week Highs
- Progress Software Stock Back in the Green After Beating Forecasts
- What Are Dividend Contenders? Investing in Dividend Contenders
- Goldman Sachs Raises Stock Target for Affirm: Key Insights
Receive News & Ratings for América Móvil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for América Móvil and related companies with MarketBeat.com's FREE daily email newsletter.