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

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

Other research analysts have also issued research reports about the stock. Scotiabank dropped their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. The Goldman Sachs Group dropped their target price on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, América Móvil has a consensus rating of “Moderate Buy” and a consensus price target of $19.48.

América Móvil Price Performance

Shares of NYSE:AMX opened at $14.42 on Friday. The company has a market cap of $44.27 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 1.32 and a beta of 0.94. The business has a 50 day moving average price of $15.02 and a 200 day moving average price of $16.21. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. América Móvil has a twelve month low of $13.90 and a twelve month high of $20.31.

América Móvil (NYSE:AMX) last posted 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). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The company had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. Research analysts predict that América Móvil will post 0.97 earnings per share for the current year.

Hedge Funds Weigh In On América Móvil

Several institutional investors have recently modified their holdings of AMX. CENTRAL TRUST Co grew its holdings in shares of América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 3,500 shares during the period. Blue Trust Inc. increased its holdings in shares of América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after acquiring an additional 2,322 shares in the last quarter. Allworth Financial LP raised its position in shares of América Móvil by 46.1% during the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 1,567 shares during the period. EP Wealth Advisors LLC bought a new position in shares of América Móvil during the 3rd quarter valued at about $177,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of América Móvil by 5.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock valued at $178,000 after purchasing an additional 608 shares during the period. 6.30% of the stock is currently 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.