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

América Móvil, S.A.B. de C.V. (NYSE:AMX) has earned an average recommendation of “Hold” from the four research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $17.23.

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

Institutional Investors Weigh In On América Móvil

Several hedge funds and other institutional investors have recently modified their holdings of AMX. NBC Securities Inc. raised its holdings in shares of América Móvil by 17.7% in the third quarter. NBC Securities Inc. now owns 19,748 shares of the Wireless communications provider’s stock worth $323,000 after buying an additional 2,967 shares during the period. Harbour Capital Advisors LLC raised its holdings in shares of América Móvil by 64.3% in the third quarter. Harbour Capital Advisors LLC now owns 44,700 shares of the Wireless communications provider’s stock worth $721,000 after buying an additional 17,500 shares during the period. Blue Trust Inc. raised its holdings in shares of América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after buying an additional 2,322 shares during the period. International Assets Investment Management LLC raised its holdings in shares of América Móvil by 1,545.1% in the third quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock worth $30,380,000 after buying an additional 174,414 shares during the period. Finally, CENTRAL TRUST Co raised its holdings in shares of América Móvil by 3,500.0% in the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after buying an additional 3,500 shares during the period. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

América Móvil Price Performance

Shares of América Móvil stock opened at $15.29 on Wednesday. The stock has a 50 day moving average of $14.32 and a 200 day moving average of $15.52. América Móvil has a 12 month low of $13.63 and a 12 month high of $20.31. The firm has a market cap of $46.95 billion, a PE ratio of 22.82, a PEG 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.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. On average, research analysts expect that América Móvil will post 0.69 EPS for the current fiscal year.

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.