América Móvil (NYSE:AMX) Receives New Coverage from Analysts at StockNews.com

by · The Cerbat Gem

StockNews.com began coverage on shares of América Móvil (NYSE:AMX – Free Report) in a research note released on Thursday morning. The brokerage issued a strong-buy rating on the Wireless communications provider’s stock.

Several other analysts have also issued reports on AMX. UBS Group cut their price target on shares of América Móvil from $23.30 to $22.60 and set a buy rating for the company in a research report on Thursday, July 18th. Scotiabank dropped their target price on América Móvil from $18.90 to $17.80 and set a sector perform rating for the company in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, América Móvil currently has an average rating of Moderate Buy and a consensus price target of $20.60.

Get Our Latest Stock Analysis on América Móvil

América Móvil Stock Performance

Shares of NYSE AMX opened at $16.12 on Thursday. The stock’s 50-day moving average is $16.57 and its 200 day moving average is $17.62. The stock has a market cap of $49.73 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 0.98 and a beta of 0.95. América Móvil has a 1-year low of $15.55 and a 1-year high of $20.31. 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 – Get Free Report) 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). América Móvil had a return on equity of 7.73% and a net margin of 3.98%. The business had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.37 billion. On average, sell-side analysts anticipate that América Móvil will post 1.39 EPS for the current fiscal year.

Institutional Investors Weigh In On América Móvil

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital International Investors raised its holdings in América Móvil by 4.4% in the first quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock worth $1,219,228,000 after purchasing an additional 2,741,127 shares in the last quarter. Lazard Asset Management LLC lifted its position in América Móvil by 9.9% during the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock valued at $233,777,000 after acquiring an additional 1,128,671 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in América Móvil by 3.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,528,360 shares of the Wireless communications provider’s stock worth $159,139,000 after acquiring an additional 245,113 shares in the last quarter. Capital International Inc. CA grew its holdings in América Móvil by 9.5% in the first quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock worth $55,735,000 after purchasing an additional 258,203 shares during the period. Finally, Capital Group Private Client Services Inc. increased its stake in shares of América Móvil by 3.1% during the first quarter. Capital Group Private Client Services Inc. now owns 2,606,773 shares of the Wireless communications provider’s stock valued at $48,642,000 after purchasing an additional 79,550 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

About América Móvil

(Get Free Report)

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.

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