América Móvil (NYSE:AMX) PT Raised to $17.20 at Scotiabank

América Móvil (NYSE:AMX) had its target price boosted by analysts at Scotiabank from $16.60 to $17.20 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the Wireless communications provider’s stock. Scotiabank’s price target indicates a potential downside of 8.61% from the company’s previous close.

Other analysts have also recently issued research reports about the company. StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. UBS Group lifted their price objective on América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. The Goldman Sachs Group lifted their price objective on América Móvil from $19.50 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. JPMorgan Chase & Co. lifted their price objective on América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research note on Monday, April 1st. Finally, Jefferies Financial Group upgraded América Móvil from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $19.16 to $22.22 in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.97.

América Móvil Price Performance

Shares of NYSE:AMX opened at $18.82 on Thursday. América Móvil has a fifty-two week low of $15.99 and a fifty-two week high of $23.07. The business has a 50-day moving average of $18.69 and a two-hundred day moving average of $18.12. The stock has a market capitalization of $58.81 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.29 and a beta of 0.98. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.67 and a quick ratio of 0.63.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. América Móvil had a return on equity of 14.07% and a net margin of 7.28%. The company had revenue of $11.45 billion during the quarter, compared to analysts’ expectations of $11.92 billion. On average, equities research analysts predict that América Móvil will post 1.51 EPS for the current fiscal year.

Institutional Investors Weigh In On América Móvil

A number of institutional investors have recently added to or reduced their stakes in AMX. DAVENPORT & Co LLC boosted its holdings in América Móvil by 21.2% during the third quarter. DAVENPORT & Co LLC now owns 47,368 shares of the Wireless communications provider’s stock valued at $820,000 after purchasing an additional 8,276 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in América Móvil by 148.1% during the third quarter. Asset Management One Co. Ltd. now owns 200,690 shares of the Wireless communications provider’s stock valued at $3,476,000 after purchasing an additional 119,788 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of América Móvil by 4.1% in the 3rd quarter. Raymond James & Associates now owns 201,144 shares of the Wireless communications provider’s stock worth $3,484,000 after acquiring an additional 7,969 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of América Móvil by 31.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 91,714 shares of the Wireless communications provider’s stock worth $1,588,000 after acquiring an additional 21,985 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in shares of América Móvil by 4.0% in the 3rd quarter. Whittier Trust Co. now owns 45,187 shares of the Wireless communications provider’s stock worth $782,000 after acquiring an additional 1,723 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

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.