América Móvil (NYSE:AMX) Rating Increased to Buy at HSBC

HSBC upgraded shares of América Móvil (NYSE:AMX - Free Report) from a hold rating to a buy rating in a report published on Monday, MarketBeat.com reports. The firm currently has $17.50 price target on the Wireless communications provider's stock, up from their prior price target of $15.50.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. reduced their price objective on América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a research report on Thursday, January 16th. StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. The Goldman Sachs Group reduced their target price 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, Scotiabank decreased their target price on América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.22.

América Móvil Trading Up 5.8 %

Shares of AMX stock traded up $0.88 during trading hours on Monday, reaching $16.11. The company's stock had a trading volume of 3,224,972 shares, compared to its average volume of 1,759,602. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $49.14 billion, a P/E ratio of 32.88, a P/E/G ratio of 0.77 and a beta of 0.79. The firm's fifty day simple moving average is $14.51 and its 200 day simple moving average is $14.84. América Móvil has a one year low of $13.10 and a one year high of $20.31.

América Móvil (NYSE:AMX - Get Free Report) last announced its earnings results 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%. Equities research analysts expect that América Móvil will post 1.51 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Transce3nd LLC acquired a new stake in shares of América Móvil during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of América Móvil in the fourth quarter valued at about $29,000. Spire Wealth Management acquired a new position in América Móvil in the 4th quarter valued at about $32,000. Parvin Asset Management LLC purchased a new stake in shares of América Móvil in the 4th quarter valued at approximately $39,000. Finally, Farther Finance Advisors LLC increased its holdings 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 worth $45,000 after buying an additional 1,414 shares during the last quarter. Hedge funds and other 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.