América Móvil (NYSE:AMX) Stock Rating Upgraded by The Goldman Sachs Group

América Móvil (NYSE:AMX) was upgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued on Monday, Marketbeat reports. The brokerage currently has a $22.00 price target on the Wireless communications provider’s stock, up from their previous price target of $21.00. The Goldman Sachs Group’s price objective would suggest a potential upside of 15.39% from the stock’s current price.

Several other equities research analysts also recently weighed in on AMX. UBS Group increased their target price on shares of América Móvil from $21.00 to $22.80 and gave the company a “buy” rating in a research note on Tuesday, January 16th. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Jefferies Financial Group raised shares of América Móvil from a “hold” rating to a “buy” rating and increased their target price for the company from $19.16 to $22.22 in a research note on Friday, February 16th. JPMorgan Chase & Co. upped their price target on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a report on Monday, April 1st. Finally, Scotiabank raised their price target on shares of América Móvil from $16.60 to $17.20 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.08.

América Móvil Trading Down 1.9 %

Shares of AMX opened at $19.07 on Monday. América Móvil has a twelve month low of $15.99 and a twelve month high of $23.07. The company has a market cap of $59.20 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.32 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83. The company’s fifty day simple moving average is $18.72 and its 200-day simple moving average is $18.17.

América Móvil (NYSE:AMX) last announced its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08. América Móvil had a net margin of 7.28% and a return on equity of 14.07%. The business had revenue of $11.45 billion for the quarter, compared to the consensus estimate of $11.92 billion. As a group, analysts expect that América Móvil will post 1.51 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMX. Envestnet Portfolio Solutions Inc. increased its position in América Móvil by 2.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider’s stock valued at $400,000 after purchasing an additional 587 shares during the period. J.P. Morgan Private Wealth Advisors LLC increased its position in América Móvil by 2.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 30,723 shares of the Wireless communications provider’s stock valued at $532,000 after purchasing an additional 826 shares during the period. NewEdge Wealth LLC increased its position in América Móvil by 5.9% during the 4th quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider’s stock valued at $313,000 after purchasing an additional 944 shares during the period. Sound Income Strategies LLC increased its position in América Móvil by 43.5% during the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock valued at $65,000 after purchasing an additional 1,051 shares during the period. Finally, Vestmark Advisory Solutions Inc. increased its position in América Móvil by 7.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 16,797 shares of the Wireless communications provider’s stock valued at $311,000 after purchasing an additional 1,133 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

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 also 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.