América Móvil (NYSE:AMX) Raised to "Strong-Buy" at Hsbc Global Res

América Móvil (NYSE:AMX - Get Free Report) was upgraded by equities researchers at Hsbc Global Res from a "hold" rating to a "strong-buy" rating in a research report issued on Monday, April 14th,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. HSBC upgraded shares of América Móvil from a "hold" rating to a "buy" rating and upped their target price for the company from $15.50 to $17.50 in a research note on Monday, April 14th. The Goldman Sachs Group reduced their target price on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price target on América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. Scotiabank reduced their price objective on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. Finally, StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $17.22.

América Móvil Price Performance

NYSE AMX remained flat at $16.13 on Monday. The company's stock had a trading volume of 1,208,177 shares, compared to its average volume of 1,992,476. 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 has a 52-week low of $13.10 and a 52-week high of $20.31. The firm's 50-day moving average is $14.51 and its 200-day moving average is $14.82. The firm has a market capitalization of $49.20 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 0.77 and a beta of 0.79.

América Móvil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. As a group, sell-side analysts expect that América Móvil will post 1.51 EPS for the current fiscal year.

Institutional Investors Weigh In On América Móvil

Several institutional investors have recently bought and sold shares of the stock. Transce3nd LLC bought a new position in América Móvil during the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new position in América Móvil during the fourth quarter worth about $29,000. Spire Wealth Management bought a new stake in América Móvil in the fourth quarter worth about $32,000. Parvin Asset Management LLC acquired a new stake in América Móvil in the 4th quarter valued at about $39,000. Finally, Farther Finance Advisors LLC boosted its position in shares of América Móvil by 82.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock valued at $45,000 after purchasing an additional 1,414 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

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.