America Movil (NYSE:AMX) Upgraded to "Buy" at New Street Research

Key Points

• New Street Research upgraded America Movil (AMX) from a "neutral" rating to a "buy" in a report issued Tuesday.
• Despite that upgrade, the MarketBeat consensus remains a "Hold" — four analysts rate the stock Buy and seven rate it Hold — with a consensus price target of $23.73, below the recent trading level of about $25.28.
• In its most recent quarter AMX reported EPS $0.35 (missed estimates of $0.43) while revenue of $13.59 billion beat expectations of $13.09 billion.

America Movil (NYSE:AMX - Get Free Report) was upgraded by analysts at New Street Research from a "neutral" rating to a "buy" rating in a report issued on Tuesday,Finviz reports.

Several other research analysts have also issued reports on the stock. Scotiabank raised their price objective on shares of America Movil from $19.50 to $21.80 and gave the stock a "sector perform" rating in a report on Monday, March 30th. Bank of America initiated coverage on shares of America Movil in a report on Thursday, December 11th. They set a "neutral" rating and a $26.00 price objective for the company. Wall Street Zen raised shares of America Movil from a "buy" rating to a "strong-buy" rating in a report on Saturday, January 17th. Zacks Research lowered shares of America Movil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. raised their price objective on shares of America Movil from $23.50 to $24.50 and gave the stock a "neutral" rating in a report on Wednesday, March 11th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $23.73.

America Movil Stock Down 1.2%

AMX stock opened at $25.28 on Tuesday. The company has a 50-day moving average of $23.77 and a two-hundred day moving average of $22.36. The stock has a market capitalization of $76.20 billion, a price-to-earnings ratio of 17.67 and a beta of 0.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.68. America Movil has a 52-week low of $13.10 and a 52-week high of $26.16.

America Movil (NYSE:AMX - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). America Movil had a return on equity of 18.92% and a net margin of 8.78%.The business had revenue of $13.59 billion during the quarter, compared to analyst estimates of $13.09 billion. As a group, equities research analysts anticipate that America Movil will post 1.51 EPS for the current year.

Institutional Investors Weigh In On America Movil

Several hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC raised its holdings in America Movil by 8.8% in the third quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider's stock worth $371,774,000 after purchasing an additional 1,430,626 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of America Movil by 93.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider's stock worth $173,151,000 after acquiring an additional 4,053,838 shares during the period. Boston Partners raised its holdings in shares of America Movil by 7.3% during the fourth quarter. Boston Partners now owns 4,835,629 shares of the Wireless communications provider's stock worth $99,952,000 after acquiring an additional 326,890 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of America Movil by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,215,162 shares of the Wireless communications provider's stock worth $87,129,000 after acquiring an additional 71,182 shares during the period. Finally, Morgan Stanley raised its holdings in shares of America Movil by 9.8% during the fourth quarter. Morgan Stanley now owns 3,970,788 shares of the Wireless communications provider's stock worth $82,076,000 after acquiring an additional 353,632 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

About America Movil

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family's telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.

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