StockNews.com Upgrades América Móvil (NYSE:AMX) to Strong-Buy

América Móvil (NYSE:AMX) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

A number of other equities research analysts have also recently weighed in on AMX. JPMorgan Chase & Co. dropped their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group dropped their price target on América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a report on Tuesday, January 28th. Finally, Scotiabank dropped their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, América Móvil has a consensus rating of “Moderate Buy” and an average price target of $18.22.

América Móvil Price Performance

América Móvil stock opened at $15.29 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The company has a market capitalization of $46.95 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. América Móvil has a one year low of $13.63 and a one year high of $20.31. The business has a 50 day simple moving average of $14.32 and a 200 day simple moving average of $15.54.

América Móvil (NYSE:AMX) last posted its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. On average, sell-side analysts forecast that América Móvil will post 0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On América Móvil

Several hedge funds and other institutional investors have recently made changes to their positions in AMX. NBC Securities Inc. increased its stake in shares of América Móvil by 17.7% in the 3rd quarter. NBC Securities Inc. now owns 19,748 shares of the Wireless communications provider’s stock valued at $323,000 after buying an additional 2,967 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of América Móvil by 64.3% in the 3rd quarter. Harbour Capital Advisors LLC now owns 44,700 shares of the Wireless communications provider’s stock valued at $721,000 after buying an additional 17,500 shares during the period. Blue Trust Inc. grew its stake in shares of América Móvil by 195.9% during the third 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 during the period. International Assets Investment Management LLC grew its stake in shares of América Móvil by 1,545.1% during the third quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock worth $30,380,000 after purchasing an additional 174,414 shares during the period. Finally, CENTRAL TRUST Co grew its stake 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 worth $59,000 after purchasing an additional 3,500 shares during the period. 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.