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

América Móvil (NYSE:AMX - Get Free Report) was downgraded by equities researchers at UBS Group from a "buy" rating to a "neutral" rating in a research note issued to investors on Wednesday, Marketbeat reports.

AMX has been the topic of a number of other research reports. Wall Street Zen began coverage on América Móvil in a research note on Tuesday, May 20th. They issued a "strong-buy" rating on the stock. The Goldman Sachs Group dropped their target price on shares of 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 raised shares of América Móvil from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. Scotiabank reduced their target price on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. Finally, Hsbc Global Res upgraded América Móvil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, América Móvil currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.22.

América Móvil Stock Performance

América Móvil stock traded up $0.06 on Wednesday, hitting $17.53. The company's stock had a trading volume of 1,386,812 shares, compared to its average volume of 1,906,673. The firm has a market cap of $53.20 billion, a P/E ratio of 35.78, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82. The company has a fifty day moving average price of $15.78 and a 200-day moving average price of $14.96. América Móvil has a one year low of $13.10 and a one year high of $19.43. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $11.28 billion. América Móvil had a net margin of 3.25% and a return on equity of 6.38%. On average, equities analysts anticipate that América Móvil will post 1.51 earnings per share for the current year.

Institutional Trading of América Móvil

A number of hedge funds and other institutional investors have recently made changes to their positions in AMX. Jane Street Group LLC increased its holdings in América Móvil by 9.5% during the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider's stock worth $719,000 after buying an additional 4,373 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in América Móvil by 15.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider's stock worth $11,071,000 after purchasing an additional 102,545 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of América Móvil by 2,189.8% in the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider's stock valued at $330,000 after acquiring an additional 22,226 shares in the last quarter. Millennium Management LLC raised its stake in América Móvil by 279.3% in the 1st quarter. Millennium Management LLC now owns 1,447,032 shares of the Wireless communications provider's stock worth $20,577,000 after purchasing an additional 1,065,538 shares in the last quarter. Finally, American Trust Investment Advisors LLC raised its position in shares of América Móvil by 4.8% in the first quarter. American Trust Investment Advisors LLC now owns 165,915 shares of the Wireless communications provider's stock valued at $2,359,000 after buying an additional 7,660 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

About América Móvil

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.