StockNews.com Initiates Coverage on América Móvil (NYSE:AMX)

Analysts at StockNews.com assumed coverage on shares of América Móvil (NYSE:AMX - Get Free Report) in a research report issued on Tuesday. The brokerage set a "strong-buy" rating on the Wireless communications provider's stock.

A number of other equities analysts have also commented on AMX. Scotiabank cut their price target on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. Hsbc Global Res raised América Móvil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. HSBC raised América Móvil from a "hold" rating to a "buy" rating and increased their price target for the company from $15.50 to $17.50 in a research note on Monday, April 14th. Finally, The Goldman Sachs Group decreased their price target on América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, América Móvil presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.22.

América Móvil Price Performance

Shares of AMX opened at $17.32 on Tuesday. América Móvil has a 12-month low of $13.10 and a 12-month high of $19.84. The business has a 50-day simple moving average of $15.53 and a two-hundred day simple moving average of $14.92. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The stock has a market cap of $52.57 billion, a PE ratio of 35.35, a PEG ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX - Get Free Report) last issued 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). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates of $11.28 billion. Analysts anticipate that América Móvil will post 1.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On América Móvil

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

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