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

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

A number of other analysts also recently commented on the stock. Scotiabank cut their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group cut their price target on América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, América Móvil currently has a consensus rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Stock Performance

Shares of América Móvil stock opened at $15.02 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. América Móvil has a 12 month low of $14.87 and a 12 month high of $20.31. The stock’s fifty day moving average price is $16.08 and its 200-day moving average price is $17.02. The firm has a market cap of $46.11 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.02 and a beta of 0.95.

América Móvil (NYSE:AMX) last announced its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). The firm had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. On average, equities research analysts expect that América Móvil will post 1.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On América Móvil

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in América Móvil by 5.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock valued at $178,000 after buying an additional 608 shares during the last quarter. Profund Advisors LLC grew its stake in shares of América Móvil by 1.7% in the 2nd quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock worth $638,000 after purchasing an additional 630 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of América Móvil by 6.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock valued at $284,000 after buying an additional 1,025 shares in the last quarter. Allworth Financial LP raised its holdings in América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 1,567 shares during the period. Finally, Wealthspire Advisors LLC grew its position in América Móvil by 16.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider’s stock worth $232,000 after purchasing an additional 1,880 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

About América Móvil

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.