America Movil (NYSE:AMX) Announces Earnings Results

America Movil (NYSE:AMX) posted its quarterly earnings data on Thursday. The Wireless communications provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08), Zacks reports. America Movil had a net margin of 8.78% and a return on equity of 18.78%. The company had revenue of $13.59 billion for the quarter, compared to analyst estimates of $13.09 billion.

America Movil Stock Down 0.3%

Shares of AMX traded down $0.08 during trading on Friday, reaching $23.79. The company’s stock had a trading volume of 1,637,964 shares, compared to its average volume of 2,589,751. The company has a market cap of $71.71 billion, a price-to-earnings ratio of 16.63 and a beta of 0.76. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $21.08 and a two-hundred day moving average of $21.05. America Movil has a twelve month low of $13.10 and a twelve month high of $24.11.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of America Movil by 142.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 1,235 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in America Movil in the 2nd quarter valued at about $54,000. National Bank of Canada FI boosted its stake in America Movil by 71.0% during the 3rd quarter. National Bank of Canada FI now owns 4,301 shares of the Wireless communications provider’s stock valued at $91,000 after purchasing an additional 1,786 shares during the period. Parallel Advisors LLC grew its position in America Movil by 41.3% in the 3rd quarter. Parallel Advisors LLC now owns 5,835 shares of the Wireless communications provider’s stock worth $123,000 after purchasing an additional 1,706 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of America Movil in the second quarter valued at approximately $145,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMX shares. Bank of America initiated coverage on America Movil in a research note on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Santander downgraded shares of America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, America Movil currently has a consensus rating of “Hold” and a consensus target price of $22.34.

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.