America Movil (NYSE:AMX) Upgraded to Strong-Buy at UBS Group

America Movil (NYSE:AMX) was upgraded by research analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on AMX. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st. Wall Street Zen upgraded America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Zacks Research cut America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Santander downgraded America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. Finally, Bank of America began coverage on shares of America Movil in a report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.26.

America Movil Price Performance

America Movil stock opened at $25.48 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $21.49 and a 200 day moving average price of $21.38. America Movil has a 12-month low of $13.10 and a 12-month high of $25.63. The stock has a market cap of $76.81 billion, a P/E ratio of 17.81 and a beta of 0.76.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $13.09 billion. America Movil had a net margin of 8.78% and a return on equity of 18.92%. Sell-side analysts anticipate that America Movil will post 1.51 earnings per share for the current year.

Hedge Funds Weigh In On America Movil

A number of hedge funds and other institutional investors have recently bought and sold shares of AMX. Trust Co. of Vermont acquired a new position in America Movil in the 3rd quarter valued at about $31,000. Camelot Portfolios LLC acquired a new stake in shares of America Movil during the fourth quarter worth about $31,000. Atlas Capital Advisors Inc. purchased a new position in shares of America Movil in the fourth quarter valued at approximately $37,000. EverSource Wealth Advisors LLC grew its holdings in shares of America Movil by 142.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,235 shares in the last quarter. Finally, Beacon Financial Strategies CORP acquired a new position in shares of America Movil in the fourth quarter valued at approximately $43,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

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.