América Móvil (NYSE:AMX) Price Target Cut to $15.00 by Analysts at JPMorgan Chase & Co.

América Móvil (NYSE:AMX) had its target price dropped by research analysts at JPMorgan Chase & Co. from $17.00 to $15.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 6.69% from the company’s previous close.

Other analysts have also recently issued reports about the stock. The Goldman Sachs Group lowered their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research note on Friday, November 15th. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Scotiabank lowered their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.98.

América Móvil Stock Up 0.9 %

Shares of América Móvil stock opened at $14.06 on Thursday. The firm’s 50 day moving average price is $14.69 and its 200-day moving average price is $16.04. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. América Móvil has a 52-week low of $13.63 and a 52-week high of $20.31. The company has a market cap of $43.16 billion, a P/E ratio of 20.99, a PEG ratio of 1.32 and a beta of 0.93.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The firm had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $11.97 billion. On average, sell-side analysts predict that América Móvil will post 0.97 EPS for the current fiscal year.

Institutional Trading of América Móvil

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in América Móvil by 5.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock valued at $178,000 after acquiring an additional 608 shares during the period. Profund Advisors LLC lifted its stake in América Móvil by 1.7% during the 2nd quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock valued at $638,000 after acquiring an additional 630 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in América Móvil by 6.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock valued at $284,000 after acquiring an additional 1,025 shares during the period. Allworth Financial LP lifted its stake in América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 1,567 shares during the period. Finally, Gateway Investment Advisers LLC lifted its stake in América Móvil by 17.3% during the 4th quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider’s stock valued at $184,000 after acquiring an additional 1,893 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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 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.