America Movil (NYSE:AMX) Upgraded to Buy at Wall Street Zen

America Movil (NYSE:AMX - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

AMX has been the subject of several other research reports. HSBC upgraded shares of America Movil from a "hold" rating to a "buy" rating and upped their target price for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. UBS Group upped their target price on shares of America Movil from $19.60 to $20.40 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, Hsbc Global Res upgraded shares of America Movil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, America Movil has a consensus rating of "Moderate Buy" and an average price target of $16.78.

America Movil Stock Up 0.0%

Shares of America Movil stock traded up $0.00 during trading on Friday, reaching $17.37. 587,479 shares of the company traded hands, compared to its average volume of 1,981,314. 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 1-year low of $13.10 and a 1-year high of $18.43. The company has a 50 day moving average price of $17.37 and a 200-day moving average price of $15.62. The firm has a market capitalization of $52.72 billion, a PE ratio of 32.19, a P/E/G ratio of 1.11 and a beta of 0.79.

America Movil (NYSE:AMX - Get Free Report) last released its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). America Movil had a net margin of 3.55% and a return on equity of 7.19%. The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $11.28 billion. As a group, equities research analysts expect 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 and hedge funds have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. raised its stake in America Movil by 0.4% in the first quarter. Crossmark Global Holdings Inc. now owns 148,779 shares of the Wireless communications provider's stock valued at $2,116,000 after purchasing an additional 585 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of America Movil by 21.9% during the first quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider's stock worth $55,000 after acquiring an additional 685 shares in the last quarter. US Bancorp DE raised its stake in shares of America Movil by 0.3% during the first quarter. US Bancorp DE now owns 232,570 shares of the Wireless communications provider's stock worth $3,307,000 after acquiring an additional 693 shares in the last quarter. Investors Research Corp increased its stake in shares of America Movil by 3.2% in the first quarter. Investors Research Corp now owns 25,701 shares of the Wireless communications provider's stock worth $365,000 after buying an additional 800 shares during the period. Finally, Signaturefd LLC increased its stake in shares of America Movil by 10.4% in the first quarter. Signaturefd LLC now owns 9,976 shares of the Wireless communications provider's stock worth $142,000 after buying an additional 937 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

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.