América Móvil (NYSE:AMX) Shares Up 4.6% – Here’s Why

América Móvil, S.A.B. de C.V. (NYSE:AMX) was up 4.6% during mid-day trading on Thursday . The company traded as high as $15.26 and last traded at $15.13. Approximately 205,030 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 1,632,461 shares. The stock had previously closed at $14.46.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lowered their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. Finally, Scotiabank decreased their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.15.

América Móvil Stock Performance

The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The stock’s 50-day simple moving average is $14.46 and its two-hundred day simple moving average is $14.99. The stock has a market cap of $43.07 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 0.77 and a beta of 0.79.

América Móvil (NYSE:AMX) last announced its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. Analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMX. Farther Finance Advisors LLC grew its position in América Móvil by 82.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock worth $45,000 after buying an additional 1,414 shares in the last quarter. Transce3nd LLC bought a new stake in shares of América Móvil in the 4th quarter worth approximately $26,000. Gateway Investment Advisers LLC grew its holdings in shares of 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 worth $184,000 after purchasing an additional 1,893 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of América Móvil during the fourth quarter valued at approximately $29,000. Finally, Blue Trust Inc. raised its stake in shares of América Móvil by 57.8% in the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock valued at $79,000 after purchasing an additional 2,028 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

América Móvil Company Profile

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.