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

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

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

América Móvil Trading Up 2.6 %

Shares of AMX stock opened at $18.03 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83. América Móvil has a 12-month low of $15.99 and a 12-month high of $23.07. The stock has a market capitalization of $56.34 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.43 and a beta of 0.98. The firm’s 50 day moving average is $18.56 and its 200 day moving average is $18.05.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. The firm had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.92 billion. América Móvil had a net margin of 9.18% and a return on equity of 18.02%. Research analysts expect that América Móvil will post 1.56 earnings per share for the current year.

Institutional Trading of América Móvil

A number of large investors have recently made changes to their positions in AMX. Private Ocean LLC bought a new stake in América Móvil during the 1st quarter valued at about $26,000. UBS Asset Management Americas Inc. purchased a new position in shares of América Móvil during the second quarter worth approximately $28,000. Financial Freedom LLC bought a new stake in shares of América Móvil during the fourth quarter valued at approximately $28,000. Allworth Financial LP boosted its holdings in shares of América Móvil by 198.8% in the third 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 period. Finally, NBC Securities Inc. purchased a new position in América Móvil during the 3rd quarter worth $31,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

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.