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

Equities research analysts at StockNews.com began coverage on shares of América Móvil (NYSE:AMX) in a research note issued on Thursday. The brokerage set a “strong-buy” rating on the Wireless communications provider’s stock.

A number of other analysts have also recently commented on the company. Scotiabank dropped their price objective on América Móvil from $18.90 to $17.80 and set a “sector perform” rating for the company in a research report on Friday, September 20th. UBS Group dropped 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.60.

América Móvil Trading Up 0.5 %

Shares of AMX stock opened at $16.16 on Thursday. América Móvil has a fifty-two week low of $15.55 and a fifty-two week high of $20.31. The stock has a market cap of $49.85 billion, a P/E ratio of 26.93, a P/E/G ratio of 0.98 and a beta of 0.95. The business has a fifty day simple moving average of $16.56 and a 200-day simple moving average of $17.60. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98.

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

Institutional Trading of América Móvil

A number of hedge funds have recently added to or reduced their stakes in AMX. Capital International Investors boosted its stake in América Móvil by 4.4% in the 1st quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock worth $1,219,228,000 after buying an additional 2,741,127 shares during the last quarter. Discovery Capital Management LLC CT boosted its stake in América Móvil by 270.1% in the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after buying an additional 1,310,688 shares during the last quarter. Lazard Asset Management LLC boosted its stake 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 buying an additional 1,128,671 shares during the last quarter. Capital International Inc. CA boosted its stake in América Móvil by 9.5% in the 1st quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock worth $55,735,000 after buying an additional 258,203 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in América Móvil by 3.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,528,360 shares of the Wireless communications provider’s stock worth $159,139,000 after buying an additional 245,113 shares during the last quarter. 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.