StockNews.com cut shares of América Móvil (NYSE:AMX – Get Rating) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday.
A number of other equities research analysts have also weighed in on AMX. The Goldman Sachs Group lowered their target price 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. Piper Sandler raised shares of América Móvil from a neutral rating to a buy rating in a research note on Tuesday, September 20th. UBS Group cut shares of América Móvil from a buy rating to a neutral rating and increased their price target for the company from $20.40 to $22.50 in a research report on Monday, November 28th. Finally, Barclays lowered their price objective on shares of América Móvil from $22.00 to $20.00 and set an overweight rating for the company in a research note on Monday, October 17th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $22.10.
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América Móvil Trading Down 1.6 %
Shares of AMX stock opened at $18.21 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.88. The firm has a market cap of $57.91 billion, a P/E ratio of 6.13, a price-to-earnings-growth ratio of 1.70 and a beta of 0.85. The business has a 50-day moving average price of $18.55 and a two-hundred day moving average price of $18.82. América Móvil has a 12-month low of $16.13 and a 12-month high of $22.65.
América Móvil (NYSE:AMX – Get Rating) last issued its quarterly earnings results on Tuesday, October 18th. The Wireless communications provider reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.03. América Móvil had a net
margin of 22.50% and a return on equity of 18.15%. The business had revenue of $10.60 billion for the quarter, compared to analysts' expectations of $10.71 billion. Equities analysts anticipate that América Móvil will post 1.29 EPS for the current fiscal year.
Hedge Funds Weigh In On América Móvil
A number of institutional investors have recently bought and sold shares of AMX. SG Americas Securities LLC purchased a new position in shares of América Móvil during the 1st quarter worth approximately $101,000. Qube Research & Technologies Ltd bought a new position in América Móvil in the first quarter worth $468,000. Concourse Financial Group Securities Inc. lifted its position in América Móvil by 42.9% during the first quarter. Concourse Financial Group Securities Inc. now owns 4,651 shares of the Wireless communications provider's stock valued at $98,000 after buying an additional 1,396 shares during the period. Boston Partners bought a new stake in shares of América Móvil during the 1st quarter valued at $117,000. Finally, Stelac Advisory Services LLC grew its position in shares of América Móvil by 48.9% in the 1st quarter. Stelac Advisory Services LLC now owns 23,020 shares of the Wireless communications provider's stock worth $487,000 after buying an additional 7,560 shares during the period. 5.71% of the stock is owned by institutional investors.
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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