América Móvil, S.A.B. de C.V. (NYSE:AMX) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $17.22.

Several research analysts have commented on AMX shares. The Goldman Sachs Group cut 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. HSBC upgraded 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 report on Monday, April 14th. 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. Scotiabank cut their price target 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. Finally, Wall Street Zen raised América Móvil from a "hold" rating to a "buy" rating in a research report on Wednesday, May 28th.

América Móvil Trading Down 1.4%

NYSE AMX traded down $0.23 during trading hours on Tuesday, reaching $16.80. The company's stock had a trading volume of 1,709,580 shares, compared to its average volume of 2,248,675. The firm has a fifty day simple moving average of $16.20 and a 200-day simple moving average of $15.07. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil has a 52 week low of $13.10 and a 52 week high of $18.73. The stock has a market cap of $50.99 billion, a P/E ratio of 34.29, a P/E/G ratio of 0.77 and a beta of 0.82.

América Móvil (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 (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $11.28 billion. América Móvil had a net margin of 3.25% and a return on equity of 6.38%. Equities analysts forecast that América Móvil will post 1.51 earnings per share for the current fiscal year.

Institutional Trading of América Móvil

Several institutional investors and hedge funds have recently made changes to their positions in AMX. Jane Street Group LLC increased its stake in América Móvil by 9.5% in the 1st quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider's stock valued at $719,000 after buying an additional 4,373 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in América Móvil by 15.2% during the first quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider's stock worth $11,071,000 after acquiring an additional 102,545 shares during the period. Jones Financial Companies Lllp boosted its position in América Móvil by 2,189.8% in the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider's stock worth $330,000 after purchasing an additional 22,226 shares during the last quarter. Millennium Management LLC grew its stake in América Móvil by 279.3% in the 1st quarter. Millennium Management LLC now owns 1,447,032 shares of the Wireless communications provider's stock valued at $20,577,000 after purchasing an additional 1,065,538 shares during the period. Finally, American Trust Investment Advisors LLC raised its stake in shares of América Móvil by 4.8% during the 1st quarter. American Trust Investment Advisors LLC now owns 165,915 shares of the Wireless communications provider's stock worth $2,359,000 after purchasing an additional 7,660 shares during the period. Hedge funds and other institutional investors 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.