The Goldman Sachs Group Upgrades América Móvil (NYSE:AMX) to "Buy"

América Móvil (NYSE:AMX - Get Free Report) was upgraded by equities researchers at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research report issued on Monday, MarketBeat reports. The brokerage currently has a $22.00 target price on the Wireless communications provider's stock, up from their prior target price of $21.00. The Goldman Sachs Group's price objective would suggest a potential upside of 13.20% from the stock's previous close.

A number of other brokerages have also recently commented on AMX. JPMorgan Chase & Co. increased their price target on shares of América Móvil from $15.00 to $17.50 and gave the company an "underweight" rating in a research note on Monday, April 1st. UBS Group boosted their price objective on shares of América Móvil from $21.00 to $22.80 and gave the company a "buy" rating in a report on Tuesday, January 16th. Jefferies Financial Group raised shares of América Móvil from a "hold" rating to a "buy" rating and boosted their price objective for the company from $19.16 to $22.22 in a report on Friday, February 16th. Scotiabank boosted their price objective on shares of América Móvil from $16.60 to $17.20 and gave the company a "sector perform" rating in a report on Thursday. Finally, StockNews.com raised shares of América Móvil from a "hold" rating to a "buy" rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.08.

América Móvil Trading Up 3.2 %

AMX traded up $0.61 during mid-day trading on Monday, hitting $19.44. The stock had a trading volume of 1,384,118 shares, compared to its average volume of 1,403,364. The stock's fifty day simple moving average is $18.69 and its 200-day simple moving average is $18.13. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.67 and a quick ratio of 0.63. The firm has a market capitalization of $60.35 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. América Móvil has a 1-year low of $15.99 and a 1-year high of $23.07.

América Móvil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.08. América Móvil had a net margin of 7.28% and a return on equity of 14.07%. The company had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.92 billion. As a group, research analysts forecast that América Móvil will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its holdings in América Móvil by 2.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider's stock worth $400,000 after buying an additional 587 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC increased its holdings in América Móvil by 2.8% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 30,723 shares of the Wireless communications provider's stock worth $532,000 after buying an additional 826 shares during the last quarter. NewEdge Wealth LLC increased its holdings in América Móvil by 5.9% during the fourth quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider's stock worth $313,000 after buying an additional 944 shares during the last quarter. Sound Income Strategies LLC increased its holdings in América Móvil by 43.5% during the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider's stock worth $65,000 after buying an additional 1,051 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its holdings in América Móvil by 7.2% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 16,797 shares of the Wireless communications provider's stock worth $311,000 after buying an additional 1,133 shares during the last quarter. 6.30% of the stock is owned by institutional investors.

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 also 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.