América Móvil (NYSE:AMX) Price Target Lowered to $13.70 at Scotiabank

América Móvil (NYSE:AMX) had its price objective lowered by Scotiabank from $17.30 to $13.70 in a research note released on Thursday,Benzinga reports. Scotiabank currently has a sector perform rating on the Wireless communications provider’s stock.

A number of other research firms also recently weighed in on AMX. The Goldman Sachs Group reduced their price target on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price objective on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.22.

América Móvil Stock Up 0.2 %

Shares of AMX opened at $14.83 on Thursday. The firm has a 50 day simple moving average of $14.32 and a two-hundred day simple moving average of $15.55. The company has a market cap of $45.53 billion, a P/E ratio of 22.14, a P/E/G ratio of 0.75 and a beta of 0.93. América Móvil has a one year low of $13.63 and a one year high of $20.31. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 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%. Research analysts forecast that América Móvil will post 0.69 EPS for the current fiscal year.

Hedge Funds Weigh In On América Móvil

Hedge funds and other institutional investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its holdings in América Móvil by 115.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock worth $28,065,000 after acquiring an additional 1,050,203 shares during the period. American Century Companies Inc. grew its stake in América Móvil by 5.8% during the fourth quarter. American Century Companies Inc. now owns 1,069,640 shares of the Wireless communications provider’s stock worth $15,307,000 after purchasing an additional 58,934 shares during the period. Wellington Management Group LLP acquired a new stake in América Móvil during the fourth quarter worth approximately $15,149,000. ABC Arbitrage SA acquired a new position in América Móvil in the fourth quarter valued at approximately $14,238,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of América Móvil by 373.5% during the 4th quarter. Russell Investments Group Ltd. now owns 809,021 shares of the Wireless communications provider’s stock worth $11,577,000 after buying an additional 638,159 shares in the last quarter. Institutional investors and hedge funds 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.