América Móvil (NYSE:AMX) Earns Buy Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of América Móvil (NYSE:AMX) in a report released on Friday. The brokerage set a “buy” rating on the Wireless communications provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group lowered their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th. Scotiabank reduced their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.48.

América Móvil Stock Performance

AMX opened at $15.02 on Friday. The stock has a 50-day moving average of $16.08 and a 200-day moving average of $17.02. América Móvil has a 52-week low of $14.87 and a 52-week high of $20.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The company has a market cap of $46.11 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95.

América Móvil (NYSE:AMX) last released its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The company had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. As a group, equities research analysts forecast that América Móvil will post 1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On América Móvil

Several hedge funds have recently modified their holdings of the company. Discovery Capital Management LLC CT raised its stake in América Móvil by 270.1% during the second 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. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of América Móvil by 76.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after purchasing an additional 317,800 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in América Móvil by 30.8% during the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after buying an additional 228,856 shares during the period. AQR Capital Management LLC increased its position in shares of América Móvil by 343.1% in the second quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock worth $5,013,000 after purchasing an additional 228,353 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of América Móvil by 1,545.1% during the 3rd quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock worth $30,380,000 after acquiring an additional 174,414 shares during the last quarter. Institutional investors and hedge funds 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.