América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives Consensus Rating of “Hold” from Analysts

América Móvil, S.A.B. de C.V. (NYSE:AMX) has been given a consensus rating of “Hold” by the five ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.98.

AMX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Scotiabank dropped their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group reduced their price target on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th.

América Móvil Stock Performance

Shares of AMX stock opened at $14.17 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. América Móvil has a 12-month low of $13.63 and a 12-month high of $20.31. The business’s 50 day moving average is $14.52 and its two-hundred day moving average is $15.92. The company has a market capitalization of $43.49 billion, a P/E ratio of 21.14, a P/E/G ratio of 0.71 and a beta of 0.93.

Institutional Investors Weigh In On América Móvil

A number of large investors have recently modified their holdings of the business. Raleigh Capital Management Inc. purchased a new position in shares of América Móvil in the fourth quarter worth about $57,000. CENTRAL TRUST Co grew its stake in América Móvil by 3,500.0% during the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 3,500 shares in the last quarter. Blue Trust Inc. raised its holdings in América Móvil by 195.9% in the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after acquiring an additional 2,322 shares during the last quarter. Modus Advisors LLC purchased a new position in América Móvil in the 4th quarter worth approximately $80,000. Finally, Allworth Financial LP boosted its holdings in shares of América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 1,567 shares during the last quarter. Hedge funds and other 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.