StockNews.com Downgrades América Móvil (NYSE:AMX) to Buy

América Móvil (NYSE:AMXGet Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other research analysts have also commented on the company. New Street Research upgraded América Móvil from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $27.00 in a research report on Tuesday, May 16th. The Goldman Sachs Group increased their price objective on América Móvil from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, July 20th. Citigroup upgraded América Móvil from a “neutral” rating to a “buy” rating and set a $23.50 price objective on the stock in a research report on Thursday, August 17th. JPMorgan Chase & Co. decreased their price objective on América Móvil from $19.00 to $17.50 and set an “underweight” rating on the stock in a research report on Tuesday, August 29th. Finally, Scotiabank downgraded América Móvil from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.43.

Read Our Latest Stock Analysis on América Móvil

América Móvil Stock Up 0.3 %

NYSE AMX opened at $18.09 on Thursday. The firm has a market cap of $57.16 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. América Móvil has a one year low of $16.13 and a one year high of $23.07. The stock’s 50 day simple moving average is $20.12 and its 200 day simple moving average is $20.98. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.66 and a quick ratio of 0.62.

América Móvil (NYSE:AMXGet Free Report) last released its quarterly earnings results on Tuesday, July 11th. The Wireless communications provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. The business had revenue of $11.46 billion for the quarter, compared to analyst estimates of $11.26 billion. América Móvil had a return on equity of 22.26% and a net margin of 10.55%. As a group, sell-side analysts forecast that América Móvil will post 1.66 earnings per share for the current fiscal year.

Institutional Trading of América Móvil

Several hedge funds have recently added to or reduced their stakes in the business. Foster Group Inc. raised its stake in América Móvil by 4.0% during the 2nd quarter. Foster Group Inc. now owns 12,895 shares of the Wireless communications provider’s stock worth $279,000 after buying an additional 494 shares during the period. CWM LLC raised its stake in shares of América Móvil by 3.4% in the 1st quarter. CWM LLC now owns 15,042 shares of the Wireless communications provider’s stock valued at $317,000 after purchasing an additional 501 shares during the period. Venturi Wealth Management LLC raised its stake in shares of América Móvil by 3.3% in the 1st quarter. Venturi Wealth Management LLC now owns 15,739 shares of the Wireless communications provider’s stock valued at $331,000 after purchasing an additional 502 shares during the period. Brighton Jones LLC raised its stake in shares of América Móvil by 5.1% in the 2nd quarter. Brighton Jones LLC now owns 10,621 shares of the Wireless communications provider’s stock valued at $230,000 after purchasing an additional 518 shares during the period. Finally, Armstrong Advisory Group Inc. raised its stake in shares of América Móvil by 11.0% in the 1st quarter. Armstrong Advisory Group Inc. now owns 5,558 shares of the Wireless communications provider’s stock valued at $117,000 after purchasing an additional 553 shares during the period. Institutional investors and hedge funds own 5.55% of the company’s stock.

América Móvil Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for América Móvil (NYSE:AMX)

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