América Móvil (NYSE:AMX) Downgraded by StockNews.com to “Buy”

América Móvil (NYSE:AMX) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other research firms have also issued reports on AMX. The Goldman Sachs Group dropped their target price on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a report on Monday. Scotiabank dropped their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday. Finally, UBS Group dropped their price objective on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.32.

América Móvil Price Performance

Shares of América Móvil stock traded up $0.16 during trading hours on Friday, reaching $17.14. 1,320,637 shares of the company’s stock were exchanged, compared to its average volume of 1,563,431. América Móvil has a 1 year low of $15.55 and a 1 year high of $20.31. The company has a market capitalization of $53.20 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. The business has a fifty day moving average of $16.57 and a two-hundred day moving average of $17.54. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98.

América Móvil (NYSE:AMX) last released its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.36). América Móvil had a return on equity of 7.73% and a net margin of 3.98%. The business had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.37 billion. As a group, research analysts predict that América Móvil will post 1.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Private Ocean LLC acquired a new stake in shares of América Móvil during the first quarter worth about $26,000. Rothschild Investment LLC acquired a new stake in América Móvil in the second quarter valued at approximately $59,000. Blue Trust Inc. raised its holdings in América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after acquiring an additional 2,322 shares in the last quarter. Sound Income Strategies LLC raised its holdings in América Móvil by 43.5% in the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock valued at $65,000 after acquiring an additional 1,051 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in América Móvil by 448.5% in the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 3,539 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

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 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.