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

América Móvil (NYSE:AMX) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also issued reports on AMX. Scotiabank reduced their target price on shares of 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. JPMorgan Chase & Co. dropped their price target 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. Finally, The Goldman Sachs Group reduced their price objective on América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.15.

América Móvil Stock Performance

Shares of AMX opened at $14.37 on Friday. The firm has a market cap of $44.10 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 0.77 and a beta of 0.95. The business’s 50 day moving average is $14.35 and its two-hundred day moving average is $15.18. 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.

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 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 will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. raised its position in América Móvil by 24.7% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 126,306 shares of the Wireless communications provider’s stock valued at $1,807,000 after purchasing an additional 24,992 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of América Móvil in the fourth quarter valued at about $4,045,000. Raiffeisen Bank International AG acquired a new position in América Móvil during the 4th quarter worth about $494,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in América Móvil by 28.9% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 206,761 shares of the Wireless communications provider’s stock worth $2,959,000 after acquiring an additional 46,410 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in América Móvil by 12.6% in the 4th quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider’s stock valued at $201,621,000 after buying an additional 1,571,290 shares during the last quarter. 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 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.