America Movil (NYSE:AMX) Upgraded by New Street Research to “Buy” Rating

New Street Research upgraded shares of America Movil (NYSE:AMX) from a neutral rating to a buy rating in a research report report published on Tuesday morning, MarketBeat.com reports.

A number of other research firms have also weighed in on AMX. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Santander lowered shares of America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. Zacks Research lowered shares of America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Scotiabank boosted their target price on shares of America Movil from $19.50 to $21.80 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, America Movil has an average rating of “Hold” and an average target price of $23.73.

America Movil Stock Up 1.4%

AMX opened at $25.66 on Tuesday. The business has a 50 day moving average price of $23.86 and a 200 day moving average price of $22.40. America Movil has a twelve month low of $13.10 and a twelve month high of $26.16. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.68 and a current ratio of 0.74. The firm has a market cap of $77.35 billion, a P/E ratio of 17.94 and a beta of 0.71.

America Movil (NYSE:AMX) last posted its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The company had revenue of $13.59 billion during the quarter, compared to analyst estimates of $13.09 billion. America Movil had a return on equity of 18.92% and a net margin of 8.78%. Research analysts forecast that America Movil will post 1.51 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Corient Private Wealth LLC raised its position in shares of America Movil by 0.6% during the fourth quarter. Corient Private Wealth LLC now owns 66,871 shares of the Wireless communications provider’s stock valued at $1,377,000 after buying an additional 419 shares during the last quarter. Axxcess Wealth Management LLC raised its position in shares of America Movil by 1.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 36,505 shares of the Wireless communications provider’s stock valued at $755,000 after buying an additional 430 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in shares of America Movil by 3.6% during the third quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock valued at $273,000 after buying an additional 455 shares during the last quarter. Arax Advisory Partners raised its position in shares of America Movil by 34.0% during the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after buying an additional 612 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of America Movil by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 160,122 shares of the Wireless communications provider’s stock valued at $3,339,000 after purchasing an additional 707 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Company Profile

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.