America Movil (NYSE:AMX) Stock Gets Downgrade from Wall Street Zen

America Movil (NYSE:AMX) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

AMX has been the topic of a number of other reports. UBS Group dropped their price objective on shares of America Movil from $32.50 to $31.00 and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. raised shares of America Movil from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $30.00 to $32.00 in a research report on Tuesday, August 18th. Santander upgraded shares of America Movil from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research note on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, America Movil currently has an average rating of “Moderate Buy” and a consensus price target of $29.43.

America Movil Price Performance

Shares of NYSE AMX opened at $24.58 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.71 and a quick ratio of 0.66. The company has a market cap of $73.85 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.30 and a beta of 0.59. The stock’s 50-day moving average is $22.77 and its two-hundred day moving average is $24.83. 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 return on equity of 21.07% and a net margin of 9.38%. The business had revenue of $13.78 billion during the quarter. Analysts forecast that America Movil will post 1.83 EPS for the current fiscal year.

Institutional Investors Weigh In On America Movil

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC lifted its holdings in shares of America Movil by 0.7% in the 4th quarter. Corient Private Wealth LLC now owns 66,920 shares of the Wireless communications provider’s stock valued at $1,383,000 after purchasing an additional 468 shares during the last quarter. Checchi Capital Advisers LLC raised its position in America Movil by 5.1% during the 1st quarter. Checchi Capital Advisers LLC now owns 10,290 shares of the Wireless communications provider’s stock worth $262,000 after buying an additional 503 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of America Movil by 23.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,896 shares of the Wireless communications provider’s stock valued at $99,000 after buying an additional 739 shares during the period. PNC Financial Services Group Inc. boosted its holdings in America Movil by 3.0% during the first quarter. PNC Financial Services Group Inc. now owns 26,009 shares of the Wireless communications provider’s stock worth $663,000 after buying an additional 759 shares in the last quarter. Finally, NewEdge Wealth LLC increased its position in shares of America Movil by 11.1% in the first quarter. NewEdge Wealth LLC now owns 14,366 shares of the Wireless communications provider’s stock valued at $366,000 after buying an additional 1,430 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

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.