América Móvil, S.A.B. de C.V. (NYSE:AMX) Given Average Rating of “Moderate Buy” by Analysts

América Móvil, S.A.B. de C.V. (NYSE:AMXGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $21.47.

Several equities research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of América Móvil from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $19.16 to $22.22 in a research note on Friday, February 16th. Scotiabank boosted their price objective 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. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. The Goldman Sachs Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.00 to $22.00 in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research note on Monday, April 1st.

Read Our Latest Stock Report on América Móvil

América Móvil Price Performance

América Móvil stock opened at $17.81 on Friday. América Móvil has a 1 year low of $15.99 and a 1 year high of $22.85. The firm has a 50 day moving average price of $18.90 and a 200 day moving average price of $18.56. The company has a market cap of $55.30 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65.

América Móvil (NYSE:AMXGet Free Report) last released its earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). América Móvil had a net margin of 7.28% and a return on equity of 13.93%. The company had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.96 billion. Sell-side analysts predict that América Móvil will post 1.41 earnings per share for the current year.

Institutional Trading of América Móvil

Several institutional investors have recently added to or reduced their stakes in AMX. Envestnet Portfolio Solutions Inc. raised its holdings in shares of América Móvil by 2.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider’s stock worth $400,000 after purchasing an additional 587 shares during the period. J.P. Morgan Private Wealth Advisors LLC raised its holdings in shares of América Móvil by 2.8% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 30,723 shares of the Wireless communications provider’s stock worth $532,000 after purchasing an additional 826 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of América Móvil by 1.5% during the first quarter. Bleakley Financial Group LLC now owns 58,918 shares of the Wireless communications provider’s stock worth $1,099,000 after purchasing an additional 864 shares during the period. NewEdge Wealth LLC raised its holdings in shares of América Móvil by 5.9% during the fourth quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider’s stock worth $313,000 after purchasing an additional 944 shares during the period. Finally, Sound Income Strategies LLC raised its holdings in shares of América Móvil by 43.5% during the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after purchasing an additional 1,051 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

About América Móvil

(Get Free Report

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.

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Analyst Recommendations for América Móvil (NYSE:AMX)

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