StockNews.com Initiates Coverage on América Móvil (NYSE:AMX)

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

Several other equities research analysts also recently weighed in on AMX. The Goldman Sachs Group cut their price objective on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a report on Monday, October 14th. Scotiabank reduced their price target 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. Finally, UBS Group dropped their price objective on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, América Móvil currently has an average rating of “Moderate Buy” and an average target price of $19.48.

América Móvil Stock Performance

NYSE:AMX opened at $15.10 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $46.36 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95. América Móvil has a twelve month low of $14.94 and a twelve month high of $20.31. The stock’s 50-day simple moving average is $16.23 and its 200 day simple moving average is $17.21.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). The company had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. On average, analysts anticipate that América Móvil will post 1.39 EPS for the current fiscal year.

Institutional Investors Weigh In On América Móvil

Hedge funds have recently added to or reduced their stakes in the business. Rothschild Investment LLC bought a new stake in shares of América Móvil in the 2nd quarter valued at $59,000. CENTRAL TRUST Co raised its holdings in shares of América Móvil by 3,500.0% during the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 3,500 shares during the period. Blue Trust Inc. boosted its position in shares of América Móvil by 195.9% during the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after purchasing an additional 2,322 shares in the last quarter. Headlands Technologies LLC boosted its position in shares of América Móvil by 448.5% during the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 3,539 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 1,567 shares during the period. 6.30% of the stock is currently owned by institutional investors.

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.