América Móvil (NYSE:AMX) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of América Móvil (NYSE:AMX) in a research note issued to investors on Tuesday. The brokerage set a “strong-buy” rating on the Wireless communications provider’s stock.

Several other research analysts have also commented on the stock. Scotiabank dropped their price target on shares of América Móvil from $18.90 to $17.80 and set a “sector perform” rating on the stock in a research note on Friday. UBS Group lowered their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.23.

América Móvil Price Performance

Shares of NYSE:AMX opened at $16.02 on Tuesday. The company’s fifty day moving average is $16.82 and its two-hundred day moving average is $17.85. The company has a quick ratio of 0.63, a current ratio of 0.68 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 company has a market cap of $49.74 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95.

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

Institutional Investors Weigh In On América Móvil

Institutional investors and hedge funds have recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. lifted its stake in 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 period. Sanctuary Advisors LLC bought a new position in shares of América Móvil during the 2nd quarter worth approximately $1,146,000. Cetera Investment Advisers boosted its stake in América Móvil by 18.6% in the 2nd quarter. Cetera Investment Advisers now owns 139,669 shares of the Wireless communications provider’s stock valued at $2,374,000 after buying an additional 21,911 shares in the last quarter. Brandes Investment Partners LP grew its position in América Móvil by 2.8% in the second quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock valued at $20,479,000 after acquiring an additional 33,006 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in 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 acquiring an additional 7,520 shares in the last quarter. Institutional investors 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.