América Móvil (NYSE:AMX) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of América Móvil (NYSE:AMX - Free Report) from a hold rating to a buy rating in a report released on Wednesday morning.

AMX has been the subject of a number of other reports. Hsbc Global Res upgraded shares of América Móvil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Scotiabank decreased their price target 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. The Goldman Sachs Group dropped their price objective on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. UBS Group cut shares of América Móvil from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 21st. Finally, HSBC upgraded shares of América Móvil from a "hold" rating to a "buy" rating and boosted their target price for the stock from $15.50 to $17.50 in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have assigned 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, América Móvil has a consensus rating of "Moderate Buy" and an average price target of $17.22.

América Móvil Price Performance

Shares of AMX stock traded down $0.07 during trading hours on Wednesday, reaching $17.32. 1,376,066 shares of the company were exchanged, compared to its average volume of 1,919,678. The stock's fifty day moving average is $15.98 and its two-hundred day moving average is $15.02. América Móvil has a fifty-two week low of $13.10 and a fifty-two week high of $19.03. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The company has a market cap of $52.57 billion, a price-to-earnings ratio of 35.35, a P/E/G ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The company had revenue of $11.36 billion during 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%. Sell-side analysts forecast that América Móvil will post 1.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AMX. Transce3nd LLC bought a new stake in América Móvil during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new stake in América Móvil during the 4th quarter worth approximately $29,000. Spire Wealth Management purchased a new position in América Móvil during the fourth quarter valued at approximately $32,000. Parvin Asset Management LLC bought a new position in shares of América Móvil in the fourth quarter worth approximately $39,000. Finally, Garde Capital Inc. purchased a new stake in shares of América Móvil in the first quarter worth $40,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

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.