StockNews.com Begins Coverage on América Móvil (NYSE:AMX)

Research analysts at StockNews.com began coverage on shares of América Móvil (NYSE:AMX) in a report released on Tuesday. The firm set a “strong-buy” rating on the Wireless communications provider’s stock.

Other analysts have also recently issued reports about the stock. Scotiabank decreased their price target on shares of América Móvil from $18.90 to $17.80 and set a “sector perform” rating on the stock in a research note on Friday. UBS Group lowered their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.23.

América Móvil Price Performance

América Móvil stock opened at $16.02 on Tuesday. The business’s fifty day moving average is $16.82 and its two-hundred day moving average is $17.85. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. The firm has a market cap of $49.74 billion, a P/E ratio of 14.83, a P/E/G ratio of 0.98 and a beta of 0.95. América Móvil has a 52 week low of $15.55 and a 52 week high of $20.31.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). The company had revenue of $11.93 billion for the quarter, compared to analyst estimates of $12.37 billion. América Móvil had a return on equity of 7.73% and a net margin of 3.98%. Equities research analysts forecast that América Móvil will post 1.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On América Móvil

A number of institutional investors have recently made changes to their positions in AMX. Private Ocean LLC bought a new stake in América Móvil in the first quarter valued at approximately $26,000. Sound Income Strategies LLC raised its stake in América Móvil by 43.5% during the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after buying an additional 1,051 shares during the period. Rothschild Investment LLC bought a new position in América Móvil during the second quarter worth about $59,000. Headlands Technologies LLC grew its stake in América Móvil by 448.5% in the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 3,539 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in América Móvil by 32.5% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,177 shares of the Wireless communications provider’s stock valued at $153,000 after acquiring an additional 2,007 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

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.