América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Rating) has received an average rating of "Moderate Buy" from the eight research firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $22.10.

A number of research firms have commented on AMX. Barclays lowered their price objective on América Móvil from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, October 17th. The Goldman Sachs Group dropped their price target on América Móvil from $28.00 to $24.00 and set a "buy" rating for the company in a research note on Wednesday, October 26th. StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 23rd. Piper Sandler raised shares of América Móvil from a "neutral" rating to a "buy" rating in a report on Tuesday, September 20th. Finally, UBS Group downgraded shares of América Móvil from a "buy" rating to a "neutral" rating and upped their price target for the stock from $20.40 to $22.50 in a report on Monday, November 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AMX. J.W. Cole Advisors Inc. bought a new stake in shares of América Móvil during the 1st quarter valued at approximately $25,000. UBS Asset Management Americas Inc. acquired a new stake in América Móvil in the second quarter valued at approximately $28,000. Rosenberg Matthew Hamilton grew its stake in shares of América Móvil by 95.2% during the third quarter. Rosenberg Matthew Hamilton now owns 1,745 shares of the Wireless communications provider's stock worth $29,000 after buying an additional 851 shares during the last quarter. Godsey & Gibb Associates acquired a new position in shares of América Móvil during the second quarter worth $31,000. Finally, Ronald Blue Trust Inc. bought a new position in shares of América Móvil in the 3rd quarter valued at $31,000. Institutional investors own 5.55% of the company's stock.

América Móvil Trading Up 0.5 %

América Móvil (NYSE:AMX – Get Rating) last announced its earnings results on Tuesday, October 18th. The Wireless communications provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. América Móvil had a net margin of 22.50% and a return on equity of 18.15%. The company had revenue of $10.60 billion for the quarter, compared to analysts' expectations of $10.71 billion. As a group, sell-side analysts anticipate that América Móvil will post 1.3 earnings per share for the current year.

About América Móvil

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América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including 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.

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