América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives $17.22 Consensus PT from Analysts

América Móvil, S.A.B. de C.V. (NYSE:AMX) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $17.22.

A number of analysts have recently issued reports on AMX shares. Hsbc Global Res upgraded shares of América Móvil from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. HSBC upgraded shares of América Móvil from a “hold” rating to a “buy” rating and increased their price objective for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. The Goldman Sachs Group lowered their target price on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. 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 research 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.

América Móvil Price Performance

Shares of NYSE AMX opened at $16.11 on Monday. The company has a fifty day moving average price of $14.51 and a 200 day moving average price of $14.84. The firm has a market cap of $49.14 billion, a PE ratio of 32.88, a PEG ratio of 0.77 and a beta of 0.79. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. América Móvil has a 1-year low of $13.10 and a 1-year high of $20.31.

América Móvil (NYSE:AMX) last posted 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 return on equity of 6.38% and a net margin of 3.25%. Research analysts predict that América Móvil will post 1.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On América Móvil

A number of institutional investors have recently bought and sold shares of AMX. ABS Direct Equity Fund LLC raised its position in shares of América Móvil by 1.6% in the first quarter. ABS Direct Equity Fund LLC now owns 220,300 shares of the Wireless communications provider’s stock valued at $3,133,000 after purchasing an additional 3,500 shares during the period. Farther Finance Advisors LLC raised its holdings in América Móvil by 21.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 685 shares during the period. First Affirmative Financial Network acquired a new stake in América Móvil during the first quarter worth approximately $173,000. Silverberg Bernstein Capital Management LLC bought a new stake in shares of América Móvil during the first quarter worth approximately $220,000. Finally, Merit Financial Group LLC acquired a new position in shares of América Móvil in the first quarter valued at approximately $147,000. Institutional investors and hedge funds 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.