América Móvil (NYSE:AMX) Now Covered by StockNews.com

StockNews.com began coverage on shares of América Móvil (NYSE:AMX) in a report published on Tuesday morning. The brokerage issued a strong-buy rating on the Wireless communications provider’s stock.

A number of other equities analysts also recently weighed in on the stock. Scotiabank cut their price target on shares of América Móvil from $18.90 to $17.80 and set a sector perform rating on the stock in a research note on Friday, September 20th. UBS Group cut their target price on América Móvil from $23.30 to $22.60 and set a buy rating on the stock in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, América Móvil currently has a consensus rating of Moderate Buy and an average target price of $21.23.

América Móvil Stock Performance

América Móvil stock opened at $16.39 on Tuesday. The stock has a fifty day moving average price of $16.72 and a 200 day moving average price of $17.80. América Móvil has a 52 week low of $15.55 and a 52 week high of $20.31. The firm has a market capitalization of $50.89 billion, a P/E ratio of 15.20, a PEG ratio of 0.98 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.36). The business had revenue of $11.93 billion during the quarter, compared to analysts’ expectations of $12.37 billion. América Móvil had a net margin of 3.98% and a return on equity of 7.73%. Equities research analysts anticipate that América Móvil will post 1.39 earnings per share for the current year.

Institutional Trading of América Móvil

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Ocean LLC bought a new stake in América Móvil during the first quarter valued at $26,000. Rothschild Investment LLC bought a new stake in shares of América Móvil during the 2nd quarter valued at about $59,000. Sound Income Strategies LLC lifted its holdings in América Móvil by 43.5% in the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after acquiring an additional 1,051 shares during the last quarter. Headlands Technologies LLC boosted its stake in América Móvil by 448.5% in the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 3,539 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of América Móvil by 32.5% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,177 shares of the Wireless communications provider’s stock valued at $153,000 after purchasing an additional 2,007 shares during the last quarter. Institutional investors 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.