América Móvil (NYSE:AMX) Rating Lowered to “Buy” at StockNews.com

StockNews.com lowered shares of América Móvil (NYSE:AMX) from a strong-buy rating to a buy rating in a research note published on Wednesday.

Several other equities analysts have also recently weighed in on AMX. JPMorgan Chase & Co. decreased their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group reduced their price target on América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, Scotiabank reduced their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, América Móvil has a consensus rating of “Hold” and a consensus target price of $17.15.

América Móvil Price Performance

Shares of NYSE AMX opened at $14.23 on Wednesday. The stock has a market capitalization of $43.67 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 0.77 and a beta of 0.93. The business has a 50-day moving average of $14.31 and a 200-day moving average of $15.39. 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 has a fifty-two week low of $13.63 and a fifty-two week high of $20.31.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. As a group, sell-side analysts predict that América Móvil will post 1.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On América Móvil

A number of institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC boosted its holdings in shares of América Móvil by 12.6% during the fourth quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider’s stock worth $201,621,000 after acquiring an additional 1,571,290 shares during the period. Bank of America Corp DE boosted its holdings in shares of América Móvil by 278.8% during the fourth quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider’s stock worth $146,191,000 after acquiring an additional 7,519,147 shares during the period. First Trust Advisors LP boosted its holdings in shares of América Móvil by 1.7% during the fourth quarter. First Trust Advisors LP now owns 2,999,200 shares of the Wireless communications provider’s stock worth $42,919,000 after acquiring an additional 48,849 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of América Móvil by 115.3% during the fourth 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. Finally, Capital International Sarl boosted its holdings in shares of América Móvil by 2.4% during the fourth quarter. Capital International Sarl now owns 1,207,240 shares of the Wireless communications provider’s stock worth $17,276,000 after acquiring an additional 28,676 shares during the period. 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.