JPMorgan Chase & Co. Boosts America Movil (NYSE:AMX) Price Target to $30.00

America Movil (NYSE:AMX) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $24.50 to $30.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 12.68% from the stock’s current price.

A number of other analysts have also recently weighed in on AMX. Weiss Ratings cut shares of America Movil from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. New Street Research raised shares of America Movil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. Wall Street Zen cut shares of America Movil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. UBS Group increased their target price on shares of America Movil to $31.50 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Scotiabank increased their target price on shares of America Movil from $19.50 to $21.80 and gave the stock a “sector perform” rating in a report on Monday, March 30th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.93.

America Movil Trading Down 1.7%

NYSE AMX opened at $26.63 on Thursday. America Movil has a 12 month low of $16.60 and a 12 month high of $27.80. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. The company has a market capitalization of $80.14 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 0.97 and a beta of 0.69. The company’s fifty day moving average price is $25.53 and its two-hundred day moving average price is $23.34.

America Movil (NYSE:AMX) last issued its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. The company had revenue of $13.24 billion for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. As a group, research analysts predict that America Movil will post 1.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On America Movil

Several institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC grew its position in shares of America Movil by 0.6% during the fourth quarter. Corient Private Wealth LLC now owns 66,871 shares of the Wireless communications provider’s stock worth $1,377,000 after acquiring an additional 419 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in America Movil by 1.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 36,505 shares of the Wireless communications provider’s stock valued at $755,000 after buying an additional 430 shares during the period. Orion Porfolio Solutions LLC raised its position in shares of America Movil by 3.6% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock worth $273,000 after buying an additional 455 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of America Movil by 5.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 10,290 shares of the Wireless communications provider’s stock worth $262,000 after acquiring an additional 503 shares during the period. Finally, Arax Advisory Partners lifted its stake in shares of America Movil by 34.0% in the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after acquiring an additional 612 shares during the period. Institutional investors own 6.30% of the company’s stock.

About America Movil

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.