América Móvil (NYSE:AMX) Stock Rating Upgraded by Hsbc Global Res

América Móvil (NYSE:AMX) was upgraded by equities research analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 15th. Scotiabank reduced their target price on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group dropped their price target on América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a research note on Wednesday, February 19th. HSBC raised shares of América Móvil from a “hold” rating to a “buy” rating and raised their target price for the company from $15.50 to $17.50 in a report on Monday. Finally, JPMorgan Chase & Co. lowered 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 report on Thursday, January 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.22.

América Móvil Price Performance

NYSE:AMX opened at $15.18 on Monday. The company has a market cap of $46.31 billion, a P/E ratio of 30.99, a P/E/G ratio of 0.77 and a beta of 0.79. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The firm’s fifty day moving average price is $14.43 and its two-hundred day moving average price is $14.84. América Móvil has a one year low of $13.10 and a one year high of $20.31.

América Móvil (NYSE:AMX) last announced its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. Equities analysts expect that América Móvil will post 1.51 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Transce3nd LLC acquired a new position in shares of América Móvil in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new stake in América Móvil in the fourth quarter valued at $29,000. Spire Wealth Management acquired a new position in América Móvil during the 4th quarter worth about $32,000. Parvin Asset Management LLC acquired a new position in shares of América Móvil in the fourth quarter worth approximately $39,000. Finally, Farther Finance Advisors LLC raised its holdings in América Móvil by 82.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock worth $45,000 after purchasing an additional 1,414 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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.