América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives Average Rating of “Hold” from Analysts

América Móvil, S.A.B. de C.V. (NYSE:AMX) has earned a consensus recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $18.98.

AMX has been the topic of a number of analyst reports. The Goldman Sachs Group reduced their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research note on Friday, November 15th. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Scotiabank lowered their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. reduced their target price on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th.

América Móvil Trading Up 2.7 %

Shares of AMX stock opened at $14.17 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. América Móvil has a twelve month low of $13.63 and a twelve month high of $20.31. The company’s 50-day moving average price is $14.52 and its 200-day moving average price is $15.92. The stock has a market cap of $43.49 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 0.71 and a beta of 0.93.

Institutional Trading of América Móvil

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock valued at $79,000 after acquiring an additional 2,028 shares in the last quarter. Brighton Jones LLC purchased a new position in shares of América Móvil in the fourth quarter valued at approximately $154,000. Raleigh Capital Management Inc. acquired a new position in shares of América Móvil in the fourth quarter valued at approximately $57,000. Crossmark Global Holdings Inc. grew its holdings in shares of América Móvil by 1.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 148,194 shares of the Wireless communications provider’s stock valued at $2,120,000 after purchasing an additional 2,732 shares in the last quarter. Finally, Empirical Asset Management LLC purchased a new stake in América Móvil during the 4th quarter worth approximately $487,000. Institutional investors and hedge funds 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.