UBS Group Forecasts Strong Price Appreciation for America Movil (NYSE:AMX) Stock

America Movil (NYSE:AMX - Get Free Report) had its price objective lifted by research analysts at UBS Group from $19.60 to $20.40 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the Wireless communications provider's stock. UBS Group's target price points to a potential upside of 16.24% from the company's previous close.

Several other analysts have also recently issued reports on AMX. Hsbc Global Res raised shares of America Movil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Wall Street Zen lowered shares of America Movil from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, HSBC upgraded shares of America Movil from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $15.50 to $17.50 in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.78.

America Movil Trading Down 0.5%

AMX stock traded down $0.08 during midday trading on Wednesday, hitting $17.55. The stock had a trading volume of 2,103,135 shares, compared to its average volume of 1,989,979. The firm has a market cap of $53.26 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 1.11 and a beta of 0.79. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.71 and a quick ratio of 0.66. America Movil has a 12-month low of $13.10 and a 12-month high of $18.43. The company's 50-day moving average price is $17.36 and its 200 day moving average price is $15.59.

America Movil (NYSE:AMX - Get Free Report) last released its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $11.36 billion during the quarter, compared to analysts' expectations of $11.28 billion. America Movil had a return on equity of 7.19% and a net margin of 3.55%. On average, equities research analysts predict that America Movil will post 1.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On America Movil

A number of institutional investors have recently modified their holdings of the stock. Transce3nd LLC bought a new stake in shares of America Movil during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new position in America Movil in the 4th quarter worth about $29,000. Parvin Asset Management LLC bought a new position in shares of America Movil in the fourth quarter valued at approximately $39,000. Garde Capital Inc. bought a new position in shares of America Movil in the first quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of America Movil by 82.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock valued at $45,000 after acquiring an additional 1,414 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

America Movil 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.