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

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

AMX has been the subject of several other research reports. Scotiabank reduced their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. The Goldman Sachs Group reduced their price objective on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, UBS Group cut their target price 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.08.

América Móvil Stock Down 1.3 %

AMX stock opened at $15.85 on Wednesday. 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 has a 1 year low of $15.55 and a 1 year high of $20.31. The company has a fifty day simple moving average of $16.37 and a 200 day simple moving average of $17.35. The firm has a market cap of $48.88 billion, a PE ratio of 23.65, a PEG ratio of 0.95 and a beta of 0.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC increased its holdings in shares of América Móvil by 448.5% during the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 3,539 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of América Móvil by 30.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock worth $16,533,000 after purchasing an additional 228,856 shares during the period. Cetera Investment Advisers increased its holdings in shares of América Móvil by 43.9% during the 1st quarter. Cetera Investment Advisers now owns 117,758 shares of the Wireless communications provider’s stock worth $2,197,000 after purchasing an additional 35,930 shares during the period. Seven Eight Capital LP bought a new position in shares of América Móvil during the 1st quarter worth about $679,000. Finally, Cetera Advisors LLC increased its holdings in shares of América Móvil by 399.5% during the 1st quarter. Cetera Advisors LLC now owns 79,697 shares of the Wireless communications provider’s stock worth $1,487,000 after purchasing an additional 63,741 shares during the period. Institutional investors own 6.30% of the company’s stock.

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.