America Movil (NYSE:AMX) Posts Earnings Results, Beats Expectations By $0.01 EPS

America Movil (NYSE:AMX) posted its quarterly earnings results on Tuesday. The Wireless communications provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01, Zacks reports. America Movil had a net margin of 9.38% and a return on equity of 20.33%.

America Movil Trading Up 0.2%

NYSE AMX traded up $0.04 during trading hours on Tuesday, reaching $22.87. The company’s stock had a trading volume of 2,786,561 shares, compared to its average volume of 2,186,153. The firm has a fifty day simple moving average of $22.70 and a 200-day simple moving average of $24.86. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.71 and a quick ratio of 0.66. America Movil has a 52 week low of $19.70 and a 52 week high of $28.46. The stock has a market cap of $68.74 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.17 and a beta of 0.59.

Analyst Ratings Changes

Several research firms have weighed in on AMX. JPMorgan Chase & Co. upgraded America Movil from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $30.00 to $32.00 in a research note on Tuesday, August 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research note on Thursday, August 13th. Santander raised America Movil from a “neutral” rating to an “outperform” rating in a report on Thursday, August 13th. Finally, Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, America Movil currently has an average rating of “Moderate Buy” and a consensus target price of $29.52.

About America Movil

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.