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

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $17.22.

Several analysts recently commented on AMX shares. The Goldman Sachs Group reduced 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. Scotiabank reduced their price objective on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. HSBC raised shares of América Móvil from a "hold" rating to a "buy" rating and upped their price target for the company from $15.50 to $17.50 in a research report on Monday, April 14th. Wall Street Zen raised shares of América Móvil from a "hold" rating to a "buy" rating in a research report on Wednesday, May 28th. Finally, UBS Group lowered América Móvil from a "buy" rating to a "neutral" rating in a research report on Wednesday, May 21st.

América Móvil Trading Up 1.8%

Shares of NYSE AMX traded up $0.31 during trading on Tuesday, reaching $16.97. The company had a trading volume of 4,384,410 shares, compared to its average volume of 1,928,288. The company's fifty day moving average price is $16.30 and its 200-day moving average price is $15.09. América Móvil has a 12 month low of $13.10 and a 12 month high of $18.73. The stock has a market cap of $51.49 billion, a P/E ratio of 34.62, a PEG ratio of 0.77 and a beta of 0.82. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX - Get Free Report) last released 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 net margin of 3.25% and a return on equity of 6.38%. The company had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $11.28 billion. As a group, research analysts expect that América Móvil will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On América Móvil

Large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of América Móvil by 55.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock worth $243,000 after purchasing an additional 6,033 shares in the last quarter. Farther Finance Advisors LLC boosted its position 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 purchasing an additional 1,414 shares in the last quarter. Blue Trust Inc. boosted its holdings in América Móvil by 57.8% in the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock worth $79,000 after acquiring an additional 2,028 shares in the last quarter. Barclays PLC boosted its holdings in América Móvil by 36,692.9% in the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider's stock worth $2,456,000 after acquiring an additional 149,707 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in América Móvil in the fourth quarter worth approximately $1,386,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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.