America Movil (NYSE:AMX) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded America Movil from “Buy” to “Hold.” Despite the downgrade, the broader analyst consensus remains “Moderate Buy,” with a target price of $29.43.
• Analyst views are mixed: UBS lowered its price target to $31 while maintaining “Buy,” whereas Santander and JPMorgan upgraded the stock and raised their targets to $32.
• America Movil reported quarterly earnings of $0.46 per share on $13.78 billion in revenue. Shares opened at $24.58, with the company valued at about $73.85 billion and institutional investors owning 6.3% of the stock.

America Movil (NYSE:AMX - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also weighed in on the stock. UBS Group cut their target price on shares of America Movil from $32.50 to $31.00 and set a "buy" rating for the company in a report on Thursday. Santander raised shares of America Movil from a "neutral" rating to an "outperform" rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. upgraded shares of America Movil from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $30.00 to $32.00 in a report on Tuesday, August 18th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of America Movil in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.43.

America Movil Price Performance

Shares of America Movil stock opened at $24.58 on Friday. The stock has a market cap of $73.85 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.27 and a beta of 0.59. America Movil has a one year low of $19.70 and a one year high of $28.46. The stock has a 50 day moving average price of $22.77 and a 200-day moving average price of $24.83. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 0.71.

America Movil (NYSE:AMX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share for the quarter. The company had revenue of $13.78 billion during the quarter. America Movil had a net margin of 9.38% and a return on equity of 21.07%. Equities analysts expect that America Movil will post 1.90 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new position in shares of America Movil during the second quarter valued at approximately $39,000. GAMMA Investing LLC purchased a new position in America Movil in the third quarter worth about $68,000. TD Waterhouse Canada Inc. bought a new stake in shares of America Movil during the third quarter valued at approximately $75,000. Integrated Wealth Concepts LLC bought a new position in America Movil in the 2nd quarter valued at approximately $82,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of America Movil by 23.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,896 shares of the Wireless communications provider's stock valued at $99,000 after purchasing an additional 739 shares in the last quarter. Institutional investors own 6.30% of the company's stock.

About America Movil

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.

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