America Movil (NYSE:AMX) Raised to Strong-Buy at Wall Street Zen

America Movil (NYSE:AMX) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Several other equities research analysts have also commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a research note on Wednesday, October 8th. The Goldman Sachs Group set a $24.30 price objective on America Movil and gave the stock a “buy” rating in a report on Wednesday, October 22nd. UBS Group lifted their target price on America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Zacks Research lowered America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, Santander cut America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.34.

America Movil Trading Up 2.9%

Shares of NYSE AMX opened at $20.46 on Friday. The company has a market cap of $61.69 billion, a price-to-earnings ratio of 16.63 and a beta of 0.78. America Movil has a 12-month low of $13.10 and a 12-month high of $23.68. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.02. The stock’s 50 day simple moving average is $21.58 and its 200 day simple moving average is $20.52.

America Movil (NYSE:AMX) last issued its quarterly earnings data on Wednesday, October 15th. The Wireless communications provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. America Movil had a return on equity of 16.59% and a net margin of 7.87%.The firm had revenue of $12.71 billion during the quarter, compared to the consensus estimate of $235.15 billion. Equities research analysts expect that America Movil will post 1.51 EPS for the current year.

Institutional Trading of America Movil

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMX. Brighton Jones LLC acquired a new position in America Movil in the fourth quarter worth approximately $154,000. Royal Bank of Canada boosted its position in shares of America Movil by 16.9% in the 1st quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock valued at $5,339,000 after purchasing an additional 54,152 shares during the period. Jones Financial Companies Lllp increased its stake in America Movil by 2,189.8% in the 1st quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock worth $330,000 after purchasing an additional 22,226 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in America Movil by 15.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock worth $11,071,000 after purchasing an additional 102,545 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in America Movil by 9.5% during the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock valued at $719,000 after buying an additional 4,373 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

About America Movil

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.