América Móvil, S.A.B. de C.V. (NYSE:AMX) Given Consensus Rating of “Moderate Buy” by Analysts

América Móvil, S.A.B. de C.V. (NYSE:AMX) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $22.57.

AMX has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of América Móvil from a “hold” rating to a “buy” rating and upped their price target for the company from $19.16 to $22.22 in a report on Friday, February 16th. UBS Group upped their price target on América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a report on Tuesday, January 16th. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. boosted their price objective on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a report on Monday, April 1st. Finally, The Goldman Sachs Group upped their price target on América Móvil from $19.50 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 26th.

América Móvil Stock Performance

AMX opened at $18.03 on Thursday. The company has a market cap of $56.34 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.67. The stock has a 50-day moving average of $18.56 and a 200-day moving average of $18.05. América Móvil has a 52-week low of $15.99 and a 52-week high of $23.07.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. América Móvil had a net margin of 9.18% and a return on equity of 18.02%. The business had revenue of $11.45 billion during the quarter, compared to analysts’ expectations of $11.92 billion. As a group, equities research analysts forecast that América Móvil will post 1.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On América Móvil

A number of hedge funds have recently modified their holdings of AMX. Private Ocean LLC bought a new stake in América Móvil in the first quarter valued at $26,000. UBS Asset Management Americas Inc. bought a new stake in shares of América Móvil in the 2nd quarter worth about $28,000. Financial Freedom LLC acquired a new stake in shares of América Móvil during the 4th quarter worth about $28,000. Allworth Financial LP lifted its holdings in América Móvil by 198.8% during the 3rd quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 1,203 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in América Móvil in the third quarter valued at about $31,000. 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 also 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.