Scotiabank Issues Pessimistic Forecast for América Móvil (NYSE:AMX) Stock Price

América Móvil (NYSE:AMX) had its price target decreased by analysts at Scotiabank from $17.30 to $13.70 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the Wireless communications provider’s stock. Scotiabank’s price target would suggest a potential downside of 10.41% from the stock’s current price.

AMX has been the subject of a number of other research reports. StockNews.com upgraded América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group reduced their price target on América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. reduced their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. One equities research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.22.

América Móvil Trading Up 3.1 %

América Móvil stock opened at $15.29 on Thursday. 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 business’s fifty day simple moving average is $14.32 and its two-hundred day simple moving average is $15.54. América Móvil has a 12 month low of $13.63 and a 12 month high of $20.31. The company has a market capitalization of $46.95 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. As a group, equities analysts predict that América Móvil will post 0.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On América Móvil

Several hedge funds and other institutional investors have recently modified their holdings of AMX. Parvin Asset Management LLC bought a new position in shares of América Móvil in the 4th quarter worth $39,000. AQR Capital Management LLC grew its position in shares of América Móvil by 23.8% in the 4th quarter. AQR Capital Management LLC now owns 378,649 shares of the Wireless communications provider’s stock worth $5,418,000 after buying an additional 72,826 shares during the last quarter. Northern Trust Corp raised its stake in shares of América Móvil by 29.7% during the 4th quarter. Northern Trust Corp now owns 1,044,603 shares of the Wireless communications provider’s stock worth $14,948,000 after acquiring an additional 238,895 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in América Móvil by 7.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 505,660 shares of the Wireless communications provider’s stock valued at $7,236,000 after acquiring an additional 33,760 shares during the last quarter. Finally, Transce3nd LLC acquired a new stake in América Móvil in the fourth quarter valued at approximately $26,000. 6.30% of the stock is currently owned by hedge funds and other 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.