Brokerages Set América Móvil, S.A.B. de C.V. (NYSE:AMX) PT at $21.39

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $21.39.

Several analysts have recently issued reports on the company. Scotiabank reduced their price objective on América Móvil from $19.00 to $18.90 and set a “sector perform” rating on the stock in a research note on Wednesday, July 17th. UBS Group dropped their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

Hedge Funds Weigh In On América Móvil

Several hedge funds have recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. grew its holdings in shares of América Móvil by 233.8% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 36,925 shares of the Wireless communications provider’s stock worth $628,000 after purchasing an additional 25,864 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of América Móvil during the second quarter worth about $1,146,000. Cetera Investment Advisers boosted its stake in shares of América Móvil by 18.6% during the second quarter. Cetera Investment Advisers now owns 139,669 shares of the Wireless communications provider’s stock worth $2,374,000 after buying an additional 21,911 shares during the period. Brandes Investment Partners LP boosted its stake in shares of 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 period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of América Móvil by 79.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,937 shares of the Wireless communications provider’s stock worth $288,000 after buying an additional 7,520 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Stock Down 1.0 %

Shares of NYSE AMX opened at $16.77 on Friday. The stock has a market cap of $52.07 billion, a P/E ratio of 15.53, a PEG ratio of 0.98 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. América Móvil has a 12-month low of $15.55 and a 12-month high of $20.31. The business’s fifty day simple moving average is $16.97 and its 200-day simple moving average is $17.92.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). The company had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.37 billion. América Móvil had a net margin of 3.98% and a return on equity of 7.73%. As a group, equities analysts predict that América Móvil will post 1.39 EPS for the current fiscal year.

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.