América Móvil (NYSE:AMX) Lowered to "Neutral" Rating by UBS Group

América Móvil (NYSE:AMX - Get Free Report) was downgraded by stock analysts at UBS Group from a "buy" rating to a "neutral" rating in a research report issued on Wednesday,Briefing.com Automated Import reports.

A number of other research analysts have also recently issued reports on the stock. HSBC raised shares of América Móvil from a "hold" rating to a "buy" rating and raised their price target for the stock from $15.50 to $17.50 in a report on Monday, April 14th. The Goldman Sachs Group lowered their price target on América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Hsbc Global Res raised América Móvil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Scotiabank reduced their price objective on América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com initiated coverage on América Móvil in a research report on Tuesday. They issued a "strong-buy" rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, América Móvil has an average rating of "Moderate Buy" and an average price target of $17.22.

América Móvil Stock Down 1.1%

Shares of AMX stock opened at $17.39 on Wednesday. The stock's fifty day moving average price is $15.59 and its 200 day moving average price is $14.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil has a 1-year low of $13.10 and a 1-year high of $19.84. The company has a market cap of $52.78 billion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The business had revenue of $11.36 billion for the quarter, compared to analysts' expectations of $11.28 billion. América Móvil had a return on equity of 6.38% and a net margin of 3.25%. On average, research analysts expect that América Móvil will post 1.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On América Móvil

Several hedge funds have recently bought and sold shares of AMX. Crossmark Global Holdings Inc. lifted its stake in shares of América Móvil by 0.4% in the 1st 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 during the period. Farther Finance Advisors LLC increased its holdings in América Móvil by 21.9% in the first quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider's stock valued at $55,000 after buying an additional 685 shares in the last quarter. US Bancorp DE raised its position in shares of América Móvil by 0.3% in 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 during the period. Investors Research Corp boosted its stake in shares of América Móvil by 3.2% during the 1st quarter. Investors Research Corp now owns 25,701 shares of the Wireless communications provider's stock worth $365,000 after acquiring an additional 800 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of América Móvil by 10.4% during the 1st quarter. Signaturefd LLC now owns 9,976 shares of the Wireless communications provider's stock valued at $142,000 after acquiring an additional 937 shares during the period. Hedge funds and other institutional investors 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.

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