América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $22.57.

AMX has been the subject of several recent research reports. UBS Group increased their target price on shares of América Móvil from $21.00 to $22.80 and gave the company a “buy” rating in a research note on Tuesday, January 16th. The Goldman Sachs Group increased their price target on América Móvil from $19.50 to $21.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. lifted their price target on América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a report on Monday, April 1st. Finally, Jefferies Financial Group upgraded shares of América Móvil from a “hold” rating to a “buy” rating and increased their target price for the stock from $19.16 to $22.22 in a research report on Friday, February 16th.

Institutional Trading of América Móvil

Several large investors have recently made changes to their positions in AMX. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of América Móvil by 2.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider’s stock worth $400,000 after buying an additional 587 shares during the period. J.P. Morgan Private Wealth Advisors LLC raised its position in América Móvil by 2.8% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 30,723 shares of the Wireless communications provider’s stock worth $532,000 after purchasing an additional 826 shares in the last quarter. NewEdge Wealth LLC raised its position in América Móvil by 5.9% in the fourth quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider’s stock worth $313,000 after purchasing an additional 944 shares in the last quarter. Sound Income Strategies LLC lifted its stake in América Móvil by 43.5% during the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after purchasing an additional 1,051 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in América Móvil by 7.2% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 16,797 shares of the Wireless communications provider’s stock valued at $311,000 after purchasing an additional 1,133 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

América Móvil Price Performance

Shares of NYSE AMX opened at $18.47 on Thursday. The firm’s 50-day simple moving average is $18.62 and its 200 day simple moving average is $18.08. The stock has a market cap of $57.70 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.24 and a beta of 0.98. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.83. América Móvil has a fifty-two week low of $15.99 and a fifty-two week high of $23.07.

América Móvil (NYSE:AMX) last posted its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. The business had revenue of $11.45 billion during the quarter, compared to analysts’ expectations of $11.92 billion. América Móvil had a net margin of 9.18% and a return on equity of 18.02%. Equities analysts expect that América Móvil will post 1.56 EPS for the current year.

About América Móvil

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.