América Móvil (NYSE:AMX) Price Target Raised to $17.20 at Scotiabank

América Móvil (NYSE:AMX) had its price objective increased by Scotiabank from $16.60 to $17.20 in a research note published on Thursday morning, Benzinga reports. Scotiabank currently has a sector perform rating on the Wireless communications provider’s stock.

Several other research firms have also commented on AMX. StockNews.com raised América Móvil from a hold rating to a buy rating in a research report on Thursday, February 15th. UBS Group lifted their price target on América Móvil from $21.00 to $22.80 and gave the stock a buy rating in a research report on Tuesday, January 16th. Jefferies Financial Group raised América Móvil from a hold rating to a buy rating and lifted their price target for the stock from $19.16 to $22.22 in a research report on Friday, February 16th. The Goldman Sachs Group lifted their price target on América Móvil from $19.50 to $21.00 and gave the stock a neutral rating in a research report on Monday, February 26th. Finally, JPMorgan Chase & Co. boosted their target price on América Móvil from $15.00 to $17.50 and gave the company an underweight rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $21.97.

América Móvil Stock Up 0.7 %

Shares of NYSE AMX traded up $0.13 during midday trading on Thursday, hitting $18.43. 30,732 shares of the company’s stock were exchanged, compared to its average volume of 1,387,457. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.67 and a quick ratio of 0.63. América Móvil has a twelve month low of $15.99 and a twelve month high of $23.07. The company has a market cap of $57.59 billion, a PE ratio of 16.94, a P/E/G ratio of 1.29 and a beta of 0.98. The firm’s fifty day simple moving average is $18.68 and its 200-day simple moving average is $18.10.

América Móvil (NYSE:AMX) last issued its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.08. The business had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.92 billion. América Móvil had a return on equity of 14.07% and a net margin of 7.28%. Research analysts predict that América Móvil will post 1.51 EPS for the current fiscal year.

Institutional Trading of América Móvil

A number of institutional investors have recently bought and sold shares of AMX. Private Ocean LLC acquired a new position in shares of América Móvil in the first quarter worth $26,000. Allworth Financial LP raised its holdings in shares of América Móvil by 198.8% in the third quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider’s stock worth $31,000 after acquiring an additional 1,203 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of América Móvil in the third quarter worth $31,000. Motco acquired a new position in shares of América Móvil in the third quarter worth $36,000. Finally, Principal Securities Inc. acquired a new position in shares of América Móvil in the fourth quarter worth $41,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

América Móvil Company Profile

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.