América Móvil (NYSE:AMX) Upgraded by The Goldman Sachs Group to Buy

The Goldman Sachs Group upgraded shares of América Móvil (NYSE:AMX) from a neutral rating to a buy rating in a research report report published on Monday morning, Marketbeat reports. The brokerage currently has $22.00 target price on the Wireless communications provider’s stock, up from their previous target price of $21.00.

Several other brokerages also recently commented on AMX. Scotiabank increased their target price on América Móvil from $16.60 to $17.20 and gave the company a sector perform rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. raised their price target 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 raised their price target for the stock from $19.16 to $22.22 in a research note on Friday, February 16th. StockNews.com upgraded América Móvil from a hold rating to a buy rating in a research note on Thursday, February 15th. Finally, UBS Group raised their price target on América Móvil from $21.00 to $22.80 and gave the stock a buy rating in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, América Móvil presently has a consensus rating of Moderate Buy and an average price target of $22.08.

América Móvil Stock Performance

Shares of AMX opened at $19.13 on Monday. The business’s fifty day simple moving average is $18.73 and its two-hundred day simple moving average is $18.17. 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 company has a market cap of $59.40 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.37 and a beta of 0.98.

América Móvil (NYSE:AMX) last issued its 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. América Móvil had a return on equity of 14.07% and a net margin of 7.28%. The business had revenue of $11.45 billion for the quarter, compared to the consensus estimate of $11.92 billion. Research analysts anticipate that América Móvil will post 1.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On América Móvil

A number of institutional investors have recently bought and sold shares of AMX. Asset Management One Co. Ltd. raised its holdings in América Móvil by 148.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 200,690 shares of the Wireless communications provider’s stock worth $3,476,000 after purchasing an additional 119,788 shares during the period. Raymond James & Associates raised its holdings in América Móvil by 4.1% in the 3rd quarter. Raymond James & Associates now owns 201,144 shares of the Wireless communications provider’s stock worth $3,484,000 after purchasing an additional 7,969 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in América Móvil by 31.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 91,714 shares of the Wireless communications provider’s stock valued at $1,588,000 after acquiring an additional 21,985 shares during the period. Whittier Trust Co. raised its holdings in América Móvil by 4.0% during the third quarter. Whittier Trust Co. now owns 45,187 shares of the Wireless communications provider’s stock valued at $782,000 after acquiring an additional 1,723 shares during the period. Finally, TIAA Trust National Association bought a new stake in América Móvil during the third quarter valued at about $258,000. 6.30% of the stock is owned by institutional investors.

About América Móvil

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.