América Móvil (NYSE:AMX) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of América Móvil (NYSE:AMX) in a report issued on Friday. The firm set a “buy” rating on the Wireless communications provider’s stock.

AMX has been the topic of a number of other research reports. The Goldman Sachs Group cut their price target on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research report on Friday, November 15th. Scotiabank lowered their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.48.

América Móvil Price Performance

AMX stock opened at $13.92 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The firm has a market cap of $42.73 billion, a P/E ratio of 20.78, a P/E/G ratio of 1.32 and a beta of 0.93. The company’s 50-day moving average price is $14.97 and its two-hundred day moving average price is $16.19. América Móvil has a 12 month low of $13.90 and a 12 month high of $20.31.

América Móvil (NYSE:AMX) last issued its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The company had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. On average, analysts anticipate that América Móvil will post 0.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On América Móvil

Institutional investors have recently added to or reduced their stakes in the company. Discovery Capital Management LLC CT lifted its position in América Móvil by 270.1% during the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock valued at $30,532,000 after acquiring an additional 1,310,688 shares during the period. Brandes Investment Partners LP grew its position in América Móvil by 2.8% in the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock worth $20,479,000 after purchasing an additional 33,006 shares during the period. Envestnet Asset Management Inc. increased its position in América Móvil by 30.8% during the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after acquiring an additional 228,856 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of América Móvil by 19.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock worth $14,904,000 after purchasing an additional 151,114 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of América Móvil by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider’s stock worth $15,079,000 after acquiring an additional 47,941 shares during the last quarter. Hedge funds and other institutional investors 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.