América Móvil (NYSE:AMX) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of América Móvil (NYSE:AMX) from a buy rating to a strong-buy rating in a research note published on Thursday morning.

AMX has been the topic of a number of other reports. Scotiabank decreased their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their target price on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group dropped their price target on América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, América Móvil presently has an average rating of “Moderate Buy” and a consensus price target of $18.22.

América Móvil Price Performance

NYSE AMX opened at $14.83 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. América Móvil has a 12 month low of $13.63 and a 12 month high of $20.31. The stock has a market cap of $45.53 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 0.75 and a beta of 0.93. The company’s 50 day moving average is $14.32 and its two-hundred day moving average is $15.55.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. As a group, research analysts anticipate that América Móvil will post 0.69 earnings per share for the current year.

Institutional Investors Weigh In On América Móvil

Hedge funds have recently made changes to their positions in the company. NBC Securities Inc. increased its stake in América Móvil by 17.7% in the 3rd quarter. NBC Securities Inc. now owns 19,748 shares of the Wireless communications provider’s stock worth $323,000 after acquiring an additional 2,967 shares during the last quarter. Harbour Capital Advisors LLC increased its position in América Móvil by 64.3% in the third quarter. Harbour Capital Advisors LLC now owns 44,700 shares of the Wireless communications provider’s stock worth $721,000 after purchasing an additional 17,500 shares during the last quarter. Blue Trust Inc. increased its position in América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after purchasing an additional 2,322 shares during the last quarter. International Assets Investment Management LLC raised its stake in América Móvil by 1,545.1% during the third quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock valued at $30,380,000 after purchasing an additional 174,414 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its position in América Móvil by 3,500.0% during the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 3,500 shares during the last quarter. 6.30% of the stock is currently owned by hedge funds and other 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 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.