América Móvil (NYSE:AMX) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of América Móvil (NYSE:AMX) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the Wireless communications provider’s stock.

Several other research analysts also recently issued reports on the company. UBS Group cut their price objective on 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 decreased their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group reduced their target price on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, América Móvil presently has an average rating of “Moderate Buy” and an average target price of $20.08.

América Móvil Price Performance

Shares of NYSE AMX opened at $15.86 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $16.47 and its 200 day moving average price is $17.41. América Móvil has a 52 week low of $15.55 and a 52 week high of $20.31. The stock has a market cap of $49.23 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 0.98 and a beta of 0.95.

Institutional Trading of América Móvil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMX. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of América Móvil by 5.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock worth $178,000 after acquiring an additional 608 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of América Móvil by 1.7% in the 2nd quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock valued at $638,000 after purchasing an additional 630 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of América Móvil by 1.5% during the 1st quarter. Bleakley Financial Group LLC now owns 58,918 shares of the Wireless communications provider’s stock valued at $1,099,000 after buying an additional 864 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of América Móvil by 6.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock worth $284,000 after buying an additional 1,025 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in América Móvil by 1.2% in the first quarter. Commonwealth Equity Services LLC now owns 117,906 shares of the Wireless communications provider’s stock valued at $2,200,000 after acquiring an additional 1,377 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

About América Móvil

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.