América Móvil (NYSE:AMX) Now Covered by Wall Street Zen

Wall Street Zen initiated coverage on shares of América Móvil (NYSE:AMX - Free Report) in a research note published on Tuesday. The brokerage issued a strong-buy rating on the Wireless communications provider's stock.

A number of other research firms have also recently weighed in on AMX. The Goldman Sachs Group reduced their price objective on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research report on Wednesday, February 19th. HSBC upgraded shares of América Móvil from a "hold" rating to a "buy" rating and boosted their price target for the stock from $15.50 to $17.50 in a report on Monday, April 14th. Hsbc Global Res upgraded shares of América Móvil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, Scotiabank cut their price objective on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.22.

América Móvil Trading Up 0.3%

América Móvil stock traded up $0.06 during trading hours on Tuesday, hitting $17.53. The company had a trading volume of 1,386,812 shares, compared to its average volume of 1,906,673. América Móvil has a 1 year low of $13.10 and a 1 year high of $19.43. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The firm has a market cap of $53.20 billion, a P/E ratio of 35.78, a P/E/G ratio of 0.77 and a beta of 0.82. The company has a 50-day moving average price of $15.78 and a two-hundred day moving average price of $14.96.

América Móvil (NYSE:AMX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $11.28 billion. América Móvil had a return on equity of 6.38% and a net margin of 3.25%. On average, sell-side analysts anticipate that América Móvil will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On América Móvil

Several hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in América Móvil by 55.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock valued at $243,000 after buying an additional 6,033 shares during the period. Farther Finance Advisors LLC boosted its holdings in América Móvil by 82.5% in the fourth 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 period. 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 purchasing an additional 2,028 shares during the period. Barclays PLC boosted its holdings in shares of América Móvil by 36,692.9% during the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider's stock valued at $2,456,000 after acquiring an additional 149,707 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in América Móvil by 115.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock worth $28,065,000 after purchasing an additional 1,050,203 shares during the period. 6.30% of the stock is 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.