América Móvil (NYSE:AMX – Get Free Report) had its price target decreased by Scotiabank from $19.60 to $19.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “sector perform” rating on the Wireless communications provider’s stock. Scotiabank’s price objective indicates a potential upside of 12.56% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their price target on América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research report on Monday, April 1st. The Goldman Sachs Group raised América Móvil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $22.00 in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.69.
Get Our Latest Stock Analysis on AMX
América Móvil Stock Performance
América Móvil (NYSE:AMX – Get Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The Wireless communications provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.17). The firm had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.96 billion. América Móvil had a net margin of 7.28% and a return on equity of 13.93%. On average, equities analysts forecast that América Móvil will post 1.45 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in AMX. Schroder Investment Management Group lifted its holdings in América Móvil by 178.8% in the 4th quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock worth $181,891,000 after purchasing an additional 6,298,239 shares in the last quarter. Capital International Investors lifted its holdings in América Móvil by 9.9% in the 4th quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock worth $1,158,783,000 after purchasing an additional 5,627,860 shares in the last quarter. Oaktree Capital Management LP purchased a new position in América Móvil in the 4th quarter worth approximately $42,575,000. Lazard Asset Management LLC lifted its holdings in América Móvil by 9.9% in the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock worth $233,777,000 after purchasing an additional 1,128,671 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in América Móvil in the 4th quarter worth approximately $20,341,000. 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 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.
Featured Articles
- Five stocks we like better than América Móvil
- What is the Shanghai Stock Exchange Composite Index?
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- Options Trading – Understanding Strike Price
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- How to Capture the Benefits of Dividend Increases
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Receive News & Ratings for América Móvil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for América Móvil and related companies with MarketBeat.com's FREE daily email newsletter.