StockNews.com Upgrades América Móvil (NYSE:AMX) to “Buy”

América Móvil (NYSE:AMX) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Several other research firms have also weighed in on AMX. The Goldman Sachs Group reduced their target price on América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a report on Friday, November 15th. Scotiabank reduced their target price on shares of 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, América Móvil currently has an average rating of “Moderate Buy” and an average target price of $19.48.

América Móvil Stock Performance

AMX stock opened at $14.06 on Tuesday. 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 $13.63 and a twelve month high of $20.31. The business’s fifty day moving average is $14.69 and its 200-day moving average is $16.04. The company has a market cap of $43.16 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The firm had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. Equities research analysts forecast that América Móvil will post 0.97 EPS for the current year.

Institutional Investors Weigh In On América Móvil

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CENTRAL TRUST Co raised its holdings in 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 acquiring an additional 3,500 shares in the last quarter. Blue Trust Inc. raised its stake in América Móvil by 195.9% in the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after acquiring an additional 2,322 shares during the period. Modus Advisors LLC bought a new position in América Móvil during the fourth quarter worth $80,000. Allworth Financial LP raised its position in shares of América Móvil by 46.1% in the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 1,567 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in América Móvil in the 3rd quarter valued at about $177,000. 6.30% of the stock is owned by institutional investors.

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.