América Móvil (NYSE:AMX) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of América Móvil (NYSE:AMX) in a report issued on Friday. The brokerage set a “buy” rating on the Wireless communications provider’s stock.

AMX has been the subject of a number of other reports. Scotiabank decreased their target price on shares of América Móvil from $19.60 to $19.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 25th. The Goldman Sachs Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $22.00 in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, América Móvil has an average rating of “Moderate Buy” and an average price target of $21.69.

América Móvil Stock Up 1.4 %

Shares of NYSE:AMX opened at $17.00 on Friday. América Móvil has a 1 year low of $15.99 and a 1 year high of $22.26. The company has a market cap of $52.79 billion, a PE ratio of 15.74, a P/E/G ratio of 0.98 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.65 and a quick ratio of 0.61. The stock’s 50-day moving average is $18.42 and its 200 day moving average is $18.43.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). The company had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.96 billion. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. Sell-side analysts anticipate that América Móvil will post 1.45 EPS for the current year.

Institutional Investors Weigh In On América Móvil

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of América Móvil by 32.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 624,622 shares of the Wireless communications provider’s stock worth $10,818,000 after acquiring an additional 151,304 shares during the period. Qube Research & Technologies Ltd raised its position in shares of América Móvil by 123.2% in the third quarter. Qube Research & Technologies Ltd now owns 753,697 shares of the Wireless communications provider’s stock valued at $13,054,000 after buying an additional 416,080 shares during the last quarter. Bank of Nova Scotia acquired a new position in shares of América Móvil in the third quarter valued at approximately $173,000. Lazard Asset Management LLC raised its position in shares of América Móvil by 9.1% in the third quarter. Lazard Asset Management LLC now owns 11,441,133 shares of the Wireless communications provider’s stock valued at $198,159,000 after buying an additional 952,521 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in América Móvil by 7.1% during the third quarter. Advisors Asset Management Inc. now owns 77,797 shares of the Wireless communications provider’s stock worth $1,347,000 after purchasing an additional 5,129 shares during the last quarter. 6.30% of the stock is owned by hedge funds and other 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 also 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.