América Móvil (NYSE:AMX) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of América Móvil (NYSE:AMX) in a research report issued on Wednesday. The brokerage set a “strong-buy” rating on the Wireless communications provider’s stock.

A number of other equities research analysts have also recently issued reports on AMX. Scotiabank cut their target price on América Móvil from $18.90 to $17.80 and set a “sector perform” rating on the stock in a research note on Friday, September 20th. UBS Group cut their price objective on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, América Móvil currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.23.

América Móvil Trading Down 0.9 %

NYSE AMX opened at $16.22 on Wednesday. The firm has a market capitalization of $50.36 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. América Móvil has a one year low of $15.55 and a one year high of $20.31. The company has a 50-day simple moving average of $16.65 and a 200-day simple moving average of $17.73. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68.

América Móvil (NYSE:AMX) last posted its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.36). The company had revenue of $11.93 billion for the quarter, compared to the consensus estimate of $12.37 billion. América Móvil had a net margin of 3.98% and a return on equity of 7.73%. On average, equities analysts forecast that América Móvil will post 1.39 earnings per share for the current year.

Hedge Funds Weigh In On América Móvil

Several large investors have recently bought and sold shares of the stock. Headlands Technologies LLC boosted its holdings in shares of América Móvil by 448.5% in the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 3,539 shares in the last quarter. Capital International Investors increased its position in shares of América Móvil by 9.9% during the 4th quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock valued at $1,158,783,000 after purchasing an additional 5,627,860 shares during the period. Schroder Investment Management Group lifted its holdings in shares of América Móvil by 178.8% in the fourth quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock valued at $181,891,000 after buying an additional 6,298,239 shares during the period. Oaktree Capital Management LP acquired a new stake in shares of América Móvil in the fourth quarter valued at $42,575,000. Finally, Capstone Investment Advisors LLC bought a new position in América Móvil during the first quarter valued at about $1,353,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

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 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.