América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Rating) has been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.60.
AMX has been the subject of a number of recent research reports. Zacks Investment Research upgraded América Móvil from a “strong sell” rating to a “hold” rating and set a $21.00 target price for the company in a report on Thursday, March 24th. StockNews.com downgraded América Móvil from a “strong-buy” rating to a “buy” rating in a report on Monday, May 2nd. Bank of America downgraded América Móvil from a “buy” rating to a “neutral” rating in a report on Friday, February 4th. They noted that the move was a valuation call. Barclays lifted their price target on América Móvil from $21.00 to $23.00 in a report on Monday, April 18th. Finally, JPMorgan Chase & Co. downgraded América Móvil from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $21.00 in a report on Friday, March 18th.
NYSE:AMX opened at $20.26 on Thursday. The firm has a market cap of $65.05 billion, a PE ratio of 6.03, a price-to-earnings-growth ratio of 0.61 and a beta of 0.95. The stock has a fifty day moving average price of $20.48 and a 200 day moving average price of $19.48. América Móvil has a 12-month low of $14.51 and a 12-month high of $22.60. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.92.
Institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP increased its position in shares of América Móvil by 71.4% during the first quarter. Allworth Financial LP now owns 1,368 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 570 shares in the last quarter. Private Ocean LLC acquired a new stake in shares of América Móvil during the fourth quarter worth about $30,000. Rockefeller Capital Management L.P. increased its position in shares of América Móvil by 29.6% during the third quarter. Rockefeller Capital Management L.P. now owns 2,489 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 569 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of América Móvil during the fourth quarter worth about $48,000. Finally, BNP Paribas Arbitrage SA increased its position in América Móvil by 128.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,502 shares of the Wireless communications provider’s stock valued at $53,000 after acquiring an additional 1,405 shares during the period. Institutional investors and hedge funds own 6.02% of the company’s stock.
América Móvil Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on América Móvil (AMX)
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