América Móvil (NYSE:AMX) PT Lowered to $17.30

América Móvil (NYSE:AMX) had its price objective decreased by stock analysts at Scotiabank from $17.80 to $17.30 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “sector perform” rating on the Wireless communications provider’s stock. Scotiabank’s price objective points to a potential upside of 1.88% from the company’s current price.

A number of other equities analysts have also commented on the stock. UBS Group cut their price objective on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research report on Thursday, July 18th. The Goldman Sachs Group cut their price objective on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a research report on Monday. Finally, StockNews.com started coverage on shares of América Móvil in a research report on Thursday, October 10th. They set a “strong-buy” rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.32.

América Móvil Price Performance

AMX stock opened at $16.98 on Wednesday. The firm has a 50 day moving average of $16.57 and a 200-day moving average of $17.55. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. América Móvil has a 12 month low of $15.55 and a 12 month high of $20.31. The firm has a market capitalization of $52.72 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The firm had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.37 billion. As a group, sell-side analysts predict that América Móvil will post 1.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On América Móvil

Hedge funds have recently bought and sold shares of the stock. Private Ocean LLC bought a new position in shares of América Móvil during the 1st quarter valued at $26,000. Rothschild Investment LLC bought a new position in shares of América Móvil during the second quarter valued at about $59,000. Sound Income Strategies LLC increased its holdings in shares of América Móvil by 43.5% in the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after buying an additional 1,051 shares during the period. Headlands Technologies LLC lifted its stake in shares of América Móvil by 448.5% in the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 3,539 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in América Móvil by 32.5% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 8,177 shares of the Wireless communications provider’s stock valued at $153,000 after acquiring an additional 2,007 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.