Wall Street Zen Upgrades América Móvil (NYSE:AMX) to Buy

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

Other research analysts also recently issued research reports about the stock. Hsbc Global Res upgraded shares of América Móvil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. HSBC upgraded shares of América Móvil from a "hold" rating to a "buy" rating and boosted their target price for the company from $15.50 to $17.50 in a research report on Monday, April 14th. The Goldman Sachs Group dropped their target price on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Scotiabank lowered their price objective on shares of 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, UBS Group cut shares of América Móvil from a "buy" rating to a "neutral" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.22.

América Móvil Stock Down 2.5%

Shares of América Móvil stock traded down $0.44 during trading on Wednesday, reaching $16.89. 3,855,566 shares of the company traded hands, compared to its average volume of 1,926,373. 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 $18.73. The company has a 50 day moving average price of $16.10 and a 200-day moving average price of $15.04. The firm has a market capitalization of $51.26 billion, a PE ratio of 34.47, a P/E/G ratio of 0.77 and a beta of 0.82.

América Móvil (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). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. 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 América Móvil will post 1.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On América Móvil

Hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC grew its stake in shares of América Móvil by 12.6% in the 4th quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock worth $201,621,000 after acquiring an additional 1,571,290 shares in the last quarter. Bank of America Corp DE grew its stake in shares of América Móvil by 278.8% in the 4th quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock worth $146,191,000 after acquiring an additional 7,519,147 shares in the last quarter. First Trust Advisors LP grew its stake in shares of América Móvil by 1.7% in the 4th quarter. First Trust Advisors LP now owns 2,999,200 shares of the Wireless communications provider's stock worth $42,919,000 after acquiring an additional 48,849 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of América Móvil by 115.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock worth $28,065,000 after acquiring an additional 1,050,203 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of América Móvil by 93.0% in the 1st quarter. Teacher Retirement System of Texas now owns 1,585,100 shares of the Wireless communications provider's stock worth $22,540,000 after acquiring an additional 764,000 shares in the last quarter. Institutional investors and hedge funds 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.