America Movil (NYSE:AMX) Raised to “Strong-Buy” at Wall Street Zen

America Movil (NYSE:AMX) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

A number of other research firms have also recently issued reports on AMX. 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 note on Wednesday, October 22nd. UBS Group lifted their target price on shares of America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Scotiabank upped their price target on shares of America Movil from $17.10 to $19.50 and gave the stock a “sector perform” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Wednesday, October 8th. Finally, Santander lowered America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.34.

America Movil Stock Performance

NYSE AMX opened at $20.46 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.02. America Movil has a twelve month low of $13.10 and a twelve month high of $23.68. The stock has a 50-day moving average of $21.58 and a 200 day moving average of $20.56. The stock has a market capitalization of $61.69 billion, a price-to-earnings ratio of 16.63 and a beta of 0.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC grew its position in America Movil by 3.6% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock valued at $273,000 after acquiring an additional 455 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in America Movil by 1.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 36,075 shares of the Wireless communications provider’s stock worth $758,000 after buying an additional 560 shares during the period. Whittier Trust Co. increased its stake in America Movil by 2.8% during 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. Profund Advisors LLC lifted its holdings in America Movil by 1.7% during 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 in the last quarter. Finally, MAI Capital Management boosted its position in America Movil by 2.4% in the 2nd quarter. MAI Capital Management now owns 29,097 shares of the Wireless communications provider’s stock valued at $522,000 after buying an additional 680 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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.