América Móvil (AMX) Projected to Post Quarterly Earnings on Tuesday

América Móvil (NYSE:AMX) will likely be posting its quarterly earnings results before the market opens on Tuesday, April 15th. Analysts expect América Móvil to post earnings of $0.32 per share and revenue of $230.00 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

América Móvil (NYSE:AMX) last announced its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) 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%. On average, analysts expect América Móvil to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

América Móvil Price Performance

AMX opened at $14.17 on Friday. The firm has a market capitalization of $43.20 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 0.77 and a beta of 0.79. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The business’s 50-day moving average is $14.41 and its two-hundred day moving average is $14.86. América Móvil has a 1 year low of $13.10 and a 1 year high of $20.31.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AMX shares. JPMorgan Chase & Co. cut their price objective on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group decreased their price target on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a report on Wednesday, February 19th. Scotiabank dropped their price objective on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Finally, StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, América Móvil currently has an average rating of “Moderate Buy” and an average price target of $17.15.

Institutional Investors Weigh In On América Móvil

An institutional investor recently bought a new position in América Móvil stock. Brighton Jones LLC acquired a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,789 shares of the Wireless communications provider’s stock, valued at approximately $154,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

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.