América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives Consensus Recommendation of “Hold” from Brokerages

América Móvil, S.A.B. de C.V. (NYSE:AMX) has been assigned a consensus rating of “Hold” from the four brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $17.23.

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group decreased their price objective on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a research note on Tuesday, January 28th. StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 13th. Finally, Scotiabank decreased their price target on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research note on Thursday, February 13th.

América Móvil Trading Down 0.6 %

AMX opened at $15.20 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil has a fifty-two week low of $13.63 and a fifty-two week high of $20.31. The firm has a market capitalization of $46.65 billion, a PE ratio of 22.68, a P/E/G ratio of 0.75 and a beta of 0.93. The company’s 50-day moving average is $14.33 and its 200 day moving average is $15.51.

América Móvil (NYSE:AMX) last posted its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. As a group, research analysts predict that América Móvil will post 0.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On América Móvil

Several large investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in América Móvil by 125.6% in the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock worth $1,073,000 after buying an additional 36,520 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in América Móvil by 55.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider’s stock worth $243,000 after buying an additional 6,033 shares during the period. ABS Direct Equity Fund LLC boosted its holdings in América Móvil by 21.4% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock worth $6,772,000 after buying an additional 73,022 shares during the period. Blue Trust Inc. boosted its holdings in América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock worth $79,000 after buying an additional 2,028 shares during the period. Finally, Empirical Asset Management LLC bought a new position in América Móvil in the 4th quarter worth approximately $487,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

About América Móvil

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.