América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives Consensus Recommendation of “Hold” from Brokerages

América Móvil, S.A.B. de C.V. (NYSE:AMX) has received an average recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat reports. One 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 brokers that have issued a report on the stock in the last year is $18.98.

A number of brokerages have weighed in on AMX. JPMorgan Chase & Co. reduced their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday. The Goldman Sachs Group cut their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. Scotiabank lowered their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock 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.

América Móvil Price Performance

Shares of NYSE AMX opened at $13.67 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The stock has a fifty day simple moving average of $14.61 and a two-hundred day simple moving average of $16.01. América Móvil has a 1-year low of $13.63 and a 1-year high of $20.31. The firm has a market cap of $41.95 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 0.71 and a beta of 0.93.

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 the consensus estimate of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The firm had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. Analysts anticipate that América Móvil will post 0.72 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Raleigh Capital Management Inc. bought a new position in shares of América Móvil in the fourth quarter worth $57,000. CENTRAL TRUST Co grew its position 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 buying an additional 3,500 shares in the last quarter. Blue Trust Inc. increased 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 worth $60,000 after acquiring an additional 2,322 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of América Móvil in the 4th quarter valued at about $80,000. Finally, Allworth Financial LP raised its holdings in shares of América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 1,567 shares in the last quarter. 6.30% of the stock is 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.