America Movil (NYSE:AMX) Rating Increased to Strong-Buy at Zacks Research

America Movil (NYSE:AMX) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other research analysts also recently commented on AMX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research note on Monday. Citigroup downgraded shares of America Movil from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $20.00 to $22.00 in a research note on Wednesday, September 10th. The Goldman Sachs Group set a $24.30 target price on shares of America Movil and gave the stock a “buy” rating in a research note on Wednesday. Finally, Scotiabank boosted their price objective on shares of America Movil from $17.10 to $19.50 and gave the company a “sector perform” rating in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, America Movil presently has a consensus rating of “Moderate Buy” and an average target price of $21.73.

America Movil Stock Up 1.0%

Shares of NYSE AMX opened at $22.73 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.02. America Movil has a 52 week low of $13.10 and a 52 week high of $22.76. The firm’s fifty day moving average is $20.57 and its 200 day moving average is $18.35. The company has a market cap of $68.63 billion, a price-to-earnings ratio of 18.48 and a beta of 0.88.

America Movil (NYSE:AMX) last issued its earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. America Movil had a net margin of 7.87% and a return on equity of 16.59%. The company had revenue of $12.71 billion for the quarter, compared to the consensus estimate of $235.15 billion. On average, equities research analysts expect that America Movil will post 1.51 earnings per share for the current year.

Institutional Trading of America Movil

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Whittier Trust Co. grew its position in shares of America Movil by 2.8% in the 2nd quarter. Whittier Trust Co. now owns 21,198 shares of the Wireless communications provider’s stock worth $380,000 after buying an additional 582 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of America Movil by 0.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 148,779 shares of the Wireless communications provider’s stock worth $2,116,000 after buying an additional 585 shares during the period. Profund Advisors LLC grew its position in shares of America Movil by 1.7% in the 2nd quarter. Profund Advisors LLC now owns 39,561 shares of the Wireless communications provider’s stock worth $710,000 after buying an additional 666 shares during the period. MAI Capital Management grew its position in shares of America Movil by 2.4% in the 2nd quarter. MAI Capital Management now owns 29,097 shares of the Wireless communications provider’s stock worth $522,000 after buying an additional 680 shares during the period. Finally, US Bancorp DE grew its position in shares of America Movil by 0.3% in the 1st quarter. US Bancorp DE now owns 232,570 shares of the Wireless communications provider’s stock worth $3,307,000 after buying an additional 693 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

About America Movil

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.