America Movil (NYSE:AMX) Announces Quarterly Earnings Results, Misses Expectations By $0.08 EPS

America Movil (NYSE:AMX) announced its quarterly earnings data on Thursday. The Wireless communications provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08), Zacks reports. The company had revenue of $13.59 billion for the quarter, compared to analysts’ expectations of $13.09 billion. America Movil had a return on equity of 18.78% and a net margin of 8.78%.

America Movil Trading Down 0.3%

AMX traded down $0.08 during mid-day trading on Friday, hitting $23.79. 1,637,964 shares of the stock were exchanged, compared to its average volume of 2,589,751. The firm’s fifty day moving average is $21.08 and its two-hundred day moving average is $21.05. America Movil has a 1-year low of $13.10 and a 1-year high of $24.11. The company has a market cap of $71.71 billion, a PE ratio of 16.63 and a beta of 0.76. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.02.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMX. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. Bank of America began coverage on America Movil in a research note on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Finally, Santander lowered shares of America Movil from an “outperform” rating to a “neutral” rating in a report on Friday, December 12th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $22.34.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new stake in America Movil during the 4th quarter worth approximately $202,000. Marshall Wace LLP purchased a new stake in shares of America Movil during the fourth quarter worth $9,749,000. Bridgefront Capital LLC acquired a new position in America Movil during the 4th quarter worth $267,000. Morgan Stanley raised its position in America Movil by 9.8% in the 4th quarter. Morgan Stanley now owns 3,970,788 shares of the Wireless communications provider’s stock valued at $82,076,000 after purchasing an additional 353,632 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of America Movil by 29.4% in the 4th quarter. Schroder Investment Management Group now owns 883,272 shares of the Wireless communications provider’s stock valued at $18,257,000 after buying an additional 200,603 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

America Movil Company Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.