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

América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Rating) has received an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $21.70.

A number of analysts have recently weighed in on AMX shares. JPMorgan Chase & Co. lowered América Móvil from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a research note on Thursday, February 23rd. UBS Group lowered América Móvil from a “buy” rating to a “neutral” rating and raised their target price for the company from $20.40 to $22.50 in a research note on Monday, November 28th. Finally, StockNews.com lowered América Móvil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 2nd.

Hedge Funds Weigh In On América Móvil

Hedge funds have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its holdings in América Móvil by 3.9% in the third quarter. Crossmark Global Holdings Inc. now owns 155,170 shares of the Wireless communications provider’s stock valued at $2,556,000 after acquiring an additional 5,801 shares during the last quarter. Seven Eight Capital LP boosted its holdings in América Móvil by 25.5% in the third quarter. Seven Eight Capital LP now owns 40,055 shares of the Wireless communications provider’s stock valued at $660,000 after acquiring an additional 8,130 shares during the last quarter. Lester Murray Antman dba SimplyRich boosted its holdings in América Móvil by 6.6% during the third quarter. Lester Murray Antman dba SimplyRich now owns 16,476 shares of the Wireless communications provider’s stock worth $271,000 after buying an additional 1,017 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in América Móvil by 19.3% during the second quarter. Renaissance Technologies LLC now owns 3,268,975 shares of the Wireless communications provider’s stock worth $66,785,000 after buying an additional 529,500 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in América Móvil by 0.5% during the second quarter. JPMorgan Chase & Co. now owns 2,835,997 shares of the Wireless communications provider’s stock worth $57,940,000 after buying an additional 15,300 shares during the last quarter. Institutional investors own 5.55% of the company’s stock.

América Móvil Stock Performance

Shares of NYSE:AMX opened at $21.04 on Wednesday. América Móvil has a twelve month low of $16.13 and a twelve month high of $22.65. The firm has a market cap of $66.91 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 1.78 and a beta of 0.87. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.69 and a current ratio of 0.74. The business has a fifty day moving average of $20.47 and a 200-day moving average of $18.97.

América Móvil Company Profile

(Get Rating)

America Movil SAB de CV engages in the provision of telecommunications services. The firm operates through the following segments: Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone (Argentina, Chile, Paraguay and Uruguay), Andean Region (Ecuador and Peru), Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama), the Caribbean (the Dominican Republic and Puerto Rico) and Europe (Austria, Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia).