América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives $17.22 Consensus Target Price from Brokerages

América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) has been given an average rating of "Moderate Buy" by the six research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $17.22.

A number of research analysts recently weighed in on AMX shares. StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 15th. Scotiabank dropped their price objective on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. 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. Finally, HSBC raised shares of América Móvil from a "hold" rating to a "buy" rating and upped their target price for the stock from $15.50 to $17.50 in a report on Monday, April 14th.

Hedge Funds Weigh In On América Móvil

Institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in shares of América Móvil by 125.6% during the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock valued at $1,073,000 after purchasing an additional 36,520 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of América Móvil by 55.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock valued at $243,000 after buying an additional 6,033 shares during the last quarter. Farther Finance Advisors LLC increased its holdings 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 worth $45,000 after buying an additional 1,414 shares during the period. Blue Trust Inc. lifted its stake in shares of América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock valued at $79,000 after acquiring an additional 2,028 shares during the last quarter. Finally, Empirical Asset Management LLC bought a new position in América Móvil during the 4th quarter worth approximately $487,000. 6.30% of the stock is currently owned by institutional investors.

América Móvil Stock Performance

AMX traded up $0.88 during midday trading on Monday, reaching $16.11. The company had a trading volume of 3,224,972 shares, compared to its average volume of 1,759,602. The business has a 50-day moving average price of $14.51 and a two-hundred day moving average price of $14.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil has a 12-month low of $13.10 and a 12-month high of $20.31. The stock has a market cap of $49.14 billion, a PE ratio of 32.88, a P/E/G ratio of 0.77 and a beta of 0.79.

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

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.