América Móvil (NYSE:AMX) Announces Quarterly Earnings Results, Misses Expectations By $0.27 EPS

América Móvil (NYSE:AMX) released its earnings results on Wednesday. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27), Zacks reports. América Móvil had a net margin of 4.45% and a return on equity of 8.61%.

América Móvil Trading Down 1.0 %

NYSE:AMX traded down $0.15 during trading hours on Wednesday, hitting $14.57. 174,514 shares of the company were exchanged, compared to its average volume of 1,485,865. The company has a fifty day simple moving average of $14.33 and a 200 day simple moving average of $15.55. América Móvil has a one year low of $13.63 and a one year high of $20.31. The stock has a market capitalization of $44.73 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AMX shares. Scotiabank decreased their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a report on Tuesday, January 28th. StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.94.

América Móvil Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It 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.