StockNews.com Upgrades América Móvil (NYSE:AMX) to Buy

StockNews.com upgraded shares of América Móvil (NYSE:AMX) from a hold rating to a buy rating in a research note published on Tuesday.

Several other research analysts have also recently weighed in on AMX. Scotiabank decreased their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group reduced their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Stock Up 0.1 %

AMX opened at $13.93 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average price of $14.69 and a 200-day moving average price of $16.04. América Móvil has a twelve month low of $13.63 and a twelve month high of $20.31. The stock has a market capitalization of $42.77 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.32 and a beta of 0.93.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The company had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $11.97 billion. Equities research analysts forecast that América Móvil will post 0.97 earnings per share for the current year.

Hedge Funds Weigh In On América Móvil

A number of hedge funds have recently modified their holdings of AMX. Choreo LLC boosted its position in shares of América Móvil by 24.6% in the second quarter. Choreo LLC now owns 19,387 shares of the Wireless communications provider’s stock worth $332,000 after purchasing an additional 3,823 shares during the period. American Century Companies Inc. boosted its position in shares of América Móvil by 5.7% in the second quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider’s stock worth $15,079,000 after purchasing an additional 47,941 shares during the period. Wealthspire Advisors LLC boosted its position in shares of América Móvil by 16.0% in the second quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider’s stock worth $232,000 after purchasing an additional 1,880 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of América Móvil by 6.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 1,025 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of América Móvil by 30.8% in the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock worth $16,533,000 after purchasing an additional 228,856 shares during the period. 6.30% of the stock is currently owned by 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 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.