América Móvil (NYSE:AMX) Rating Lowered to "Hold" at Wall Street Zen

América Móvil (NYSE:AMX - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

A number of other equities analysts have also recently commented on the company. HSBC upgraded América Móvil from a "hold" rating to a "buy" rating and lifted their price target for the stock from $15.50 to $17.50 in a report on Monday, April 14th. Hsbc Global Res upgraded América Móvil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. The Goldman Sachs Group reduced their price target on América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, UBS Group cut América Móvil from a "buy" rating to a "neutral" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $17.22.

América Móvil Trading Up 0.3%

América Móvil stock opened at $17.40 on Friday. América Móvil has a 52 week low of $13.10 and a 52 week high of $18.73. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The stock has a market capitalization of $52.81 billion, a P/E ratio of 35.51, a PEG ratio of 0.77 and a beta of 0.78. The stock has a 50-day simple moving average of $16.65 and a 200 day simple moving average of $15.18.

América Móvil (NYSE:AMX - Get Free Report) last posted its quarterly earnings results 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). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. The business had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $11.28 billion. Analysts expect that América Móvil will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On América Móvil

Institutional investors have recently made changes to their positions in the company. Transce3nd LLC bought a new stake in shares of América Móvil during the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of América Móvil in the fourth quarter valued at approximately $29,000. Parvin Asset Management LLC acquired a new stake in shares of América Móvil in the fourth quarter valued at approximately $39,000. Garde Capital Inc. acquired a new stake in shares of América Móvil in the first quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC raised its position in shares of América Móvil by 82.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock valued at $45,000 after buying an additional 1,414 shares in the last quarter. 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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