América Móvil (NYSE:AMX) Raised to “Strong-Buy” at StockNews.com

América Móvil (NYSE:AMX) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

A number of other brokerages have also recently issued reports on AMX. The Goldman Sachs Group dropped their price objective on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Finally, Scotiabank decreased their price objective on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.15.

América Móvil Stock Up 0.7 %

América Móvil stock opened at $14.87 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. América Móvil has a 1-year low of $13.63 and a 1-year high of $20.31. The company has a fifty day simple moving average of $14.33 and a 200 day simple moving average of $15.30. The company has a market cap of $45.64 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 0.77 and a beta of 0.93.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. Research analysts anticipate that América Móvil will post 1.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On América Móvil

Several hedge funds have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. lifted its stake in shares of América Móvil by 19.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock worth $14,904,000 after buying an additional 151,114 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in América Móvil by 7.5% during the third quarter. Crossmark Global Holdings Inc. now owns 145,462 shares of the Wireless communications provider’s stock worth $2,380,000 after acquiring an additional 10,150 shares during the last quarter. Aigen Investment Management LP acquired a new stake in América Móvil during the third quarter worth approximately $427,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of América Móvil by 26.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 21,124 shares of the Wireless communications provider’s stock worth $346,000 after acquiring an additional 4,417 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of América Móvil by 76.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after purchasing an additional 317,800 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.