América Móvil (NYSE:AMX) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of América Móvil (NYSE:AMX) in a research note issued to investors on Friday. The brokerage set a “buy” rating on the Wireless communications provider’s stock.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group cut their price target on América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research note on Friday, November 15th. Scotiabank lowered their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, América Móvil has a consensus rating of “Moderate Buy” and an average target price of $19.48.

América Móvil Stock Performance

Shares of NYSE AMX opened at $13.92 on Friday. The company has a market cap of $42.73 billion, a P/E ratio of 20.78, a P/E/G ratio of 1.32 and a beta of 0.93. América Móvil has a 52-week low of $13.90 and a 52-week high of $20.31. 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’s fifty day moving average is $14.97 and its two-hundred day moving average is $16.19.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The company had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $11.97 billion. As a group, analysts anticipate that América Móvil will post 0.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Modus Advisors LLC acquired a new stake in América Móvil in the fourth quarter valued at approximately $80,000. ABS Direct Equity Fund LLC raised its position in shares of América Móvil by 21.4% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock valued at $6,772,000 after buying an additional 73,022 shares during the period. Barclays PLC lifted its position in América Móvil by 36,692.9% in the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after buying an additional 149,707 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of América Móvil during the third quarter worth $1,341,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of América Móvil in the third quarter valued at approximately $177,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

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.