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

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

A number of research firms recently weighed in on AMX. JPMorgan Chase & Co. lowered their price objective on shares of 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. The Goldman Sachs Group lowered their price objective on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Scotiabank cut their target price on América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Finally, HSBC raised América Móvil from a "hold" rating to a "buy" rating and increased their target price for the stock from $15.50 to $17.50 in a research note on Monday, April 14th.

Hedge Funds Weigh In On América Móvil

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised 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 during the period. Farther Finance Advisors LLC increased its position in América Móvil by 82.5% in 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 during the last quarter. Blue Trust Inc. increased its position in América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock worth $79,000 after purchasing an additional 2,028 shares during the last quarter. Empirical Asset Management LLC acquired a new position in América Móvil in the 4th quarter worth about $487,000. Finally, Barclays PLC increased its position in América Móvil by 36,692.9% in the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider's stock worth $2,456,000 after purchasing an additional 149,707 shares during the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

América Móvil Stock Down 0.1%

Shares of NYSE:AMX traded down $0.02 on Friday, hitting $17.23. 406,591 shares of the company's stock were exchanged, compared to its average volume of 2,161,017. The firm's 50-day moving average is $15.31 and its 200 day moving average is $14.89. The company has a market capitalization of $52.54 billion, a PE ratio of 35.15, a P/E/G ratio of 0.77 and a beta of 0.82. América Móvil has a 1-year low of $13.10 and a 1-year high of $20.27. 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 (NYSE:AMX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates of $11.28 billion. América Móvil had a net margin of 3.25% and a return on equity of 6.38%. Sell-side analysts predict that América Móvil will post 1.51 EPS for the current year.

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.