UBS Group Raises America Movil (NYSE:AMX) Price Target to $20.40

America Movil (NYSE:AMX) had its price objective hoisted by equities research analysts at UBS Group from $19.60 to $20.40 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the Wireless communications provider’s stock. UBS Group’s price objective suggests a potential upside of 15.65% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of America Movil from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. HSBC raised shares of America Movil from a “hold” rating to a “buy” rating and boosted their price target for the stock from $15.50 to $17.50 in a report on Monday, April 14th. Finally, Hsbc Global Res raised shares of America Movil from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.78.

America Movil Stock Performance

Shares of NYSE AMX opened at $17.64 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The company has a 50 day simple moving average of $17.35 and a two-hundred day simple moving average of $15.55. America Movil has a 12 month low of $13.10 and a 12 month high of $18.73. The stock has a market cap of $53.54 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 1.11 and a beta of 0.79.

America Movil (NYSE:AMX) last posted its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). America Movil had a net margin of 3.55% and a return on equity of 7.19%. The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates of $11.28 billion. As a group, analysts predict that America Movil will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On America Movil

A number of large investors have recently modified their holdings of the business. Crossmark Global Holdings Inc. grew its holdings in shares of America Movil by 0.4% during the first quarter. Crossmark Global Holdings Inc. now owns 148,779 shares of the Wireless communications provider’s stock worth $2,116,000 after buying an additional 585 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of America Movil by 21.9% during the first quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider’s stock worth $55,000 after buying an additional 685 shares in the last quarter. US Bancorp DE grew its holdings in shares of America Movil by 0.3% during the first quarter. US Bancorp DE now owns 232,570 shares of the Wireless communications provider’s stock worth $3,307,000 after buying an additional 693 shares in the last quarter. Investors Research Corp grew its holdings in shares of America Movil by 3.2% in the first quarter. Investors Research Corp now owns 25,701 shares of the Wireless communications provider’s stock valued at $365,000 after purchasing an additional 800 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of America Movil by 10.4% in the first quarter. Signaturefd LLC now owns 9,976 shares of the Wireless communications provider’s stock valued at $142,000 after purchasing an additional 937 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

America Movil 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.