America Movil (NYSE:AMX) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of America Movil (NYSE:AMX) from a buy rating to a strong-buy rating in a report issued on Saturday morning.

AMX has been the topic of a number of other reports. Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. UBS Group increased their target price on America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. boosted their price target on America Movil from $21.00 to $23.50 and gave the company a “neutral” rating in a research note on Monday, October 20th. The Goldman Sachs Group set a $24.30 price target on shares of America Movil and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, America Movil currently has an average rating of “Hold” and a consensus target price of $22.34.

America Movil Stock Up 2.9%

AMX opened at $20.46 on Friday. The stock has a market capitalization of $61.69 billion, a price-to-earnings ratio of 16.63 and a beta of 0.78. The firm has a 50 day moving average price of $21.58 and a 200-day moving average price of $20.54. America Movil has a twelve month low of $13.10 and a twelve month high of $23.68. 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 (NYSE:AMX) last posted its earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $12.71 billion during the quarter, compared to the consensus estimate of $235.15 billion. America Movil had a net margin of 7.87% and a return on equity of 16.59%. Equities research analysts forecast that America Movil will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On America Movil

Institutional investors have recently bought and sold shares of the business. Hilltop National Bank purchased a new position in shares of America Movil in the second quarter valued at about $27,000. Trust Co. of Vermont bought a new stake in America Movil during the 3rd quarter valued at approximately $31,000. Advantage Trust Co bought a new stake in America Movil during the 2nd quarter valued at approximately $30,000. Beacon Financial Strategies CORP purchased a new position in America Movil in the 4th quarter worth approximately $43,000. Finally, EverSource Wealth Advisors LLC boosted its stake in America Movil by 142.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 1,235 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.