América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives $17.22 Average Target Price from Analysts

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $17.22.

AMX has been the subject of a number of recent research reports. StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. Hsbc Global Res upgraded shares of América Móvil from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. Scotiabank lowered their price objective on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. cut their target price on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, HSBC upgraded América Móvil from a “hold” rating to a “buy” rating and raised their price target for the stock from $15.50 to $17.50 in a research report on Monday, April 14th.

América Móvil Stock Performance

NYSE AMX opened at $16.11 on Monday. The stock has a market cap of $49.14 billion, a PE ratio of 32.88, a P/E/G ratio of 0.77 and a beta of 0.79. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil has a 52-week low of $13.10 and a 52-week high of $20.31. The firm has a 50-day moving average of $14.51 and a 200-day moving average of $14.82.

América Móvil (NYSE:AMX) last announced its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). 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 EPS for the current year.

Institutional Investors Weigh In On América Móvil

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised 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 valued at $146,191,000 after purchasing an additional 7,519,147 shares during the period. Lazard Asset Management LLC increased its holdings in shares of América Móvil by 12.6% during the fourth quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider’s stock valued at $201,621,000 after acquiring an additional 1,571,290 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of América Móvil during the fourth quarter worth approximately $16,791,000. Wellington Management Group LLP acquired a new position in América Móvil during the fourth quarter worth $15,149,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of 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 valued at $28,065,000 after buying an additional 1,050,203 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors.

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.