America Movil (NYSE:AMX) Downgraded to "Hold" Rating by Wall Street Zen

Wall Street Zen cut shares of America Movil (NYSE:AMX - Free Report) from a buy rating to a hold rating in a research note released on Saturday morning.

Several other research analysts also recently weighed in on AMX. HSBC raised shares of America Movil 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 note on Monday, April 14th. Hsbc Global Res upgraded America Movil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. The Goldman Sachs Group dropped their target price on America Movil from $17.60 to $17.30 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Finally, UBS Group lowered America Movil from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $16.62.

America Movil Price Performance

Shares of America Movil stock traded down $0.25 during trading on Friday, hitting $17.24. 3,974,372 shares of the company were exchanged, compared to its average volume of 1,960,406. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 1.05. America Movil has a fifty-two week low of $13.10 and a fifty-two week high of $18.73. The stock has a market capitalization of $52.32 billion, a price-to-earnings ratio of 31.93, a P/E/G ratio of 1.10 and a beta of 0.78. The firm has a 50 day moving average price of $16.79 and a 200 day moving average price of $15.22.

America Movil (NYSE:AMX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). America Movil had a return on equity of 7.19% and a net margin of 3.55%. The company had revenue of $11.36 billion during the quarter, compared to analyst estimates of $11.28 billion. On average, equities analysts expect that America Movil will post 1.51 earnings per share for the current fiscal year.

Institutional Trading of America Movil

A number of institutional investors and hedge funds have recently bought and sold shares of AMX. Farther Finance Advisors LLC increased its position in shares of America Movil by 82.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock worth $45,000 after acquiring an additional 1,414 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in America Movil in the 4th quarter valued at $1,386,000. Guggenheim Capital LLC increased its holdings in America Movil by 25.1% in the 4th quarter. Guggenheim Capital LLC now owns 93,308 shares of the Wireless communications provider's stock valued at $1,335,000 after purchasing an additional 18,705 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of America Movil by 3.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 118,588 shares of the Wireless communications provider's stock valued at $1,697,000 after buying an additional 3,839 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of America Movil by 7.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 505,660 shares of the Wireless communications provider's stock valued at $7,236,000 after buying an additional 33,760 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

About America Movil

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.