America Movil (NYSE:AMX) Price Target Lowered to $20.80 at Scotiabank

America Movil (NYSE:AMX) had its price objective dropped by stock analysts at Scotiabank from $21.80 to $20.80 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the Wireless communications provider’s stock. Scotiabank’s price target suggests a potential downside of 20.51% from the company’s previous close.

AMX has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price objective on America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings upgraded shares of America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Wall Street Zen cut shares of America Movil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. New Street Research upgraded America Movil from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Finally, The Goldman Sachs Group started coverage on America Movil in a research note on Monday, May 18th. They set a “buy” rating and a $31.80 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.02.

America Movil Price Performance

AMX stock traded up $0.19 during trading on Wednesday, reaching $26.17. The company’s stock had a trading volume of 148,481 shares, compared to its average volume of 2,052,891. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. The company’s fifty day moving average is $25.91 and its 200-day moving average is $23.52. The company has a market capitalization of $78.76 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.95 and a beta of 0.69. America Movil has a 1 year low of $16.60 and a 1 year high of $27.80.

America Movil (NYSE:AMX) last released its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%.The firm had revenue of $13.24 billion during the quarter. On average, research analysts expect that America Movil will post 1.82 earnings per share for the current fiscal year.

Institutional Trading of America Movil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMX. Corient Private Wealth LLC lifted its stake in America Movil by 0.6% during the 4th quarter. Corient Private Wealth LLC now owns 66,871 shares of the Wireless communications provider’s stock valued at $1,377,000 after acquiring an additional 419 shares during the period. Axxcess Wealth Management LLC raised its holdings in shares of America Movil by 1.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 36,505 shares of the Wireless communications provider’s stock worth $755,000 after purchasing an additional 430 shares during the last quarter. Orion Porfolio Solutions LLC lifted its position in America Movil by 3.6% during the third quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock valued at $273,000 after purchasing an additional 455 shares during the period. Checchi Capital Advisers LLC lifted its position in America Movil by 5.1% during the first quarter. Checchi Capital Advisers LLC now owns 10,290 shares of the Wireless communications provider’s stock valued at $262,000 after purchasing an additional 503 shares during the period. Finally, Arax Advisory Partners boosted its holdings in America Movil by 34.0% in the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after purchasing an additional 612 shares during the last quarter. Institutional investors and hedge funds 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.