JPMorgan Chase & Co. Lowers América Móvil (NYSE:AMX) Price Target to $15.00

América Móvil (NYSE:AMX) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $17.00 to $15.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.77% from the company’s current price.

A number of other research firms also recently issued reports on AMX. The Goldman Sachs Group reduced their price target on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th. Scotiabank reduced their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. Finally, StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, América Móvil currently has an average rating of “Moderate Buy” and a consensus target price of $18.98.

América Móvil Trading Down 1.1 %

Shares of AMX stock opened at $13.67 on Thursday. The business’s fifty day moving average price is $14.61 and its 200 day moving average price is $16.01. The firm has a market capitalization of $41.95 billion, a PE ratio of 20.40, a P/E/G ratio of 0.71 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil has a 1-year low of $13.63 and a 1-year 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 for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $11.97 billion. As a group, sell-side analysts forecast that América Móvil will post 0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On América Móvil

A number of large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of América Móvil by 5.9% during 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 buying an additional 608 shares during the period. Profund Advisors LLC boosted its stake in América Móvil by 1.7% during the 2nd quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock valued at $638,000 after acquiring an additional 630 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of América Móvil by 6.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 1,025 shares during the last quarter. Allworth Financial LP lifted its holdings in América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 1,567 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in América Móvil by 17.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider’s stock worth $184,000 after purchasing an additional 1,893 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.