América Móvil (NYSE:AMX) Stock Price Up 4.6% – Still a Buy?

América Móvil, S.A.B. de C.V. (NYSE:AMX)’s stock price rose 4.6% on Thursday . The company traded as high as $15.26 and last traded at $15.13. Approximately 205,030 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 1,632,461 shares. The stock had previously closed at $14.46.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 15th. The Goldman Sachs Group cut their price target on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Scotiabank lowered their price objective on 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. Finally, JPMorgan Chase & Co. dropped their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, América Móvil currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.15.

América Móvil Trading Down 5.9 %

The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a market capitalization of $43.07 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 0.77 and a beta of 0.79. The business has a 50 day moving average of $14.46 and a 200 day moving average of $14.99.

América Móvil (NYSE:AMX) last posted its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. As a group, research analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

Institutional Trading of América Móvil

Several hedge funds and other institutional investors have recently modified their holdings of AMX. Bank of America Corp DE increased its holdings in shares of América Móvil by 278.8% during the fourth quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider’s stock worth $146,191,000 after purchasing an additional 7,519,147 shares during the period. Lazard Asset Management LLC grew its holdings in shares of América Móvil by 12.6% during the 4th quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider’s stock worth $201,621,000 after purchasing an additional 1,571,290 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of América Móvil in the fourth quarter worth $16,791,000. Wellington Management Group LLP acquired a new position in América Móvil in the fourth quarter valued at about $15,149,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in América Móvil by 115.3% during 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. Institutional investors own 6.30% of the company’s stock.

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 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.