America Movil (NYSE:AMX) Upgraded to “Strong-Buy” at Zacks Research

America Movil (NYSE:AMX) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

Several other equities analysts have also issued reports on the company. Santander upgraded America Movil from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 13th. Wall Street Zen lowered America Movil from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research report on Thursday, August 13th. UBS Group decreased their target price on America Movil from $32.50 to $31.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. raised America Movil from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $30.00 to $32.00 in a research note on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, America Movil presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.43.

America Movil Stock Performance

Shares of NYSE:AMX opened at $24.58 on Thursday. The company’s 50 day simple moving average is $22.77 and its 200 day simple moving average is $24.83. The stock has a market capitalization of $73.85 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.27 and a beta of 0.59. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.71 and a quick ratio of 0.66. America Movil has a 1 year low of $19.70 and a 1 year high of $28.46.

America Movil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, July 1st. The Wireless communications provider reported $0.46 EPS for the quarter. America Movil had a net margin of 9.38% and a return on equity of 21.07%. The business had revenue of $13.78 billion during the quarter. As a group, research analysts predict that America Movil will post 1.90 EPS for the current fiscal year.

Hedge Funds Weigh In On America Movil

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in America Movil by 314.2% in the first quarter. Bank of America Corp DE now owns 2,272,406 shares of the Wireless communications provider’s stock valued at $57,901,000 after purchasing an additional 1,723,717 shares during the period. Cetera Investment Advisers lifted its holdings in America Movil by 95.5% during the 1st quarter. Cetera Investment Advisers now owns 140,574 shares of the Wireless communications provider’s stock worth $3,582,000 after buying an additional 68,661 shares during the period. First Trust Advisors LP lifted its holdings in America Movil by 12.5% during the 1st quarter. First Trust Advisors LP now owns 2,099,260 shares of the Wireless communications provider’s stock worth $53,489,000 after buying an additional 233,925 shares during the period. Amundi grew its position in shares of America Movil by 11.2% in the 1st quarter. Amundi now owns 2,381,539 shares of the Wireless communications provider’s stock valued at $60,682,000 after buying an additional 239,057 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of America Movil by 17.8% in the 1st quarter. Lazard Asset Management LLC now owns 20,807,915 shares of the Wireless communications provider’s stock valued at $530,186,000 after buying an additional 3,140,360 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Company Profile

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.