Weiss Ratings Reaffirms "Hold (C)" Rating for America Movil (NYSE:AMX)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for America Movil (NYSE:AMX) in a recent report, reflecting a cautious outlook for the stock.
• Several analysts have adjusted their ratings and price targets for the company, with Citigroup lowering its rating from "buy" to "neutral," while Goldman Sachs raised its target and maintained a "buy" rating.
• America Movil's stock recently traded up 2.4% to $21.19, with a market capitalization of $63.99 billion and an average target price of $19.75 from analysts.

America Movil (NYSE:AMX - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities analysts have also commented on AMX. Citigroup lowered shares of America Movil from a "buy" rating to a "neutral" rating and increased their price target for the company from $20.00 to $22.00 in a research note on Wednesday, September 10th. The Goldman Sachs Group upped their price objective on shares of America Movil from $21.40 to $23.20 and gave the company a "buy" rating in a research note on Monday. Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. UBS Group lifted their target price on shares of America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. raised shares of America Movil from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $15.00 to $21.00 in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $19.75.

America Movil Trading Up 2.4%

NYSE:AMX traded up $0.49 during trading hours on Wednesday, hitting $21.19. The company had a trading volume of 2,100,268 shares, compared to its average volume of 2,176,055. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $19.77 and a 200 day moving average of $17.75. America Movil has a 1 year low of $13.10 and a 1 year high of $21.52. The company has a market cap of $63.99 billion, a P/E ratio of 22.54 and a beta of 0.88.

America Movil (NYSE:AMX - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.11). America Movil had a net margin of 6.11% and a return on equity of 12.59%. The company had revenue of $12.50 billion during the quarter, compared to analyst estimates of $233.77 billion. Sell-side analysts expect that America Movil will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On America Movil

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hilltop National Bank acquired a new position in America Movil in the second quarter valued at $27,000. Advantage Trust Co purchased a new position in America Movil in the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its position in America Movil by 142.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider's stock valued at $38,000 after acquiring an additional 1,235 shares in the last quarter. Garde Capital Inc. acquired a new position in shares of America Movil during the first quarter worth $40,000. Finally, Maseco LLP purchased a new position in shares of America Movil in the second quarter valued at $54,000. Hedge funds and other institutional investors own 6.30% of the company's stock.

America Movil 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.