América Móvil (NYSE:AMX) Stock Rating Upgraded by The Goldman Sachs Group

América Móvil (NYSE:AMX) was upgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Monday, Marketbeat reports. The firm currently has a $22.00 target price on the Wireless communications provider’s stock, up from their previous target price of $21.00. The Goldman Sachs Group’s price target points to a potential upside of 15.39% from the stock’s previous close.

AMX has been the topic of several other research reports. Jefferies Financial Group raised shares of América Móvil from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $19.16 to $22.22 in a research note on Friday, February 16th. UBS Group boosted their price objective on shares of América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Scotiabank boosted their price objective on shares of América Móvil from $16.60 to $17.20 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.08.

América Móvil Stock Performance

NYSE AMX opened at $19.07 on Monday. The firm’s fifty day moving average price is $18.72 and its two-hundred day moving average price is $18.17. The stock has a market cap of $59.20 billion, a PE ratio of 17.65, a PEG ratio of 1.32 and a beta of 0.98. América Móvil has a fifty-two week low of $15.99 and a fifty-two week high of $23.07. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.67.

América Móvil (NYSE:AMX) last posted its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $11.45 billion for the quarter, compared to analysts’ expectations of $11.92 billion. América Móvil had a net margin of 7.28% and a return on equity of 14.07%. On average, equities analysts expect that América Móvil will post 1.51 EPS for the current fiscal year.

Hedge Funds Weigh In On América Móvil

Institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG acquired a new position in shares of América Móvil during the third quarter valued at about $4,247,000. Sei Investments Co. raised its holdings in shares of América Móvil by 15.4% during the third quarter. Sei Investments Co. now owns 874,457 shares of the Wireless communications provider’s stock valued at $15,146,000 after purchasing an additional 117,008 shares during the period. Westwood Global Investments LLC raised its holdings in shares of América Móvil by 2.8% during the third quarter. Westwood Global Investments LLC now owns 15,541,830 shares of the Wireless communications provider’s stock valued at $269,184,000 after purchasing an additional 424,035 shares during the period. Bank of Nova Scotia acquired a new position in shares of América Móvil during the third quarter valued at about $173,000. Finally, Invesco Ltd. raised its holdings in shares of América Móvil by 17.8% during the third quarter. Invesco Ltd. now owns 28,592,356 shares of the Wireless communications provider’s stock valued at $495,220,000 after purchasing an additional 4,322,228 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

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 also 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.