América Móvil, S.A.B. de C.V. (NYSE:AMX) Given Consensus Rating of “Hold” by Brokerages

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have earned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $18.94.

A number of brokerages recently commented on AMX. StockNews.com upgraded América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Scotiabank cut their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lowered their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th.

Institutional Investors Weigh In On América Móvil

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in América Móvil by 125.6% during the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock worth $1,073,000 after purchasing an additional 36,520 shares during the last quarter. ABS Direct Equity Fund LLC raised its holdings in América Móvil by 21.4% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock worth $6,772,000 after purchasing an additional 73,022 shares during the last quarter. Empirical Asset Management LLC bought a new stake in América Móvil during the 4th quarter worth about $487,000. Blue Trust Inc. grew its holdings in América Móvil by 57.8% during the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock worth $79,000 after acquiring an additional 2,028 shares during the period. Finally, Barclays PLC grew its holdings in América Móvil by 36,692.9% during the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock worth $2,456,000 after acquiring an additional 149,707 shares during the period. Institutional investors own 6.30% of the company’s stock.

América Móvil Trading Up 1.3 %

Shares of AMX opened at $14.74 on Wednesday. The stock’s 50-day moving average price is $14.33 and its 200 day moving average price is $15.57. 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 $45.24 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 0.75 and a beta of 0.93. América Móvil has a 12-month low of $13.63 and a 12-month high of $20.31.

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.