Shares of América Móvil, SAB de CV (NYSE:AMX – Get Rating) earned an average recommendation of “Hold” from the seven analysts who currently cover the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The 1-year average target price among brokers who have reported on the stock in the past year is $20.50.

A number of equity research analysts have published reports on the stock. Citigroup began covering América Móvil shares in a research note on Wednesday, June 1. They set a “neutral” rating on the stock. Barclays raised its price target on América Móvil shares from $21.00 to $23.00 in a Monday, April 18 research report. JPMorgan Chase & Co. downgraded shares of América Móvil from an “overweight” rating to a “neutral” rating and lowered its price target for the company from $23.00 to $21.00 in a report of research from Friday, March 18. Finally, StockNews.com upgraded América Móvil from a “strong buy” rating to a “buy” rating in a Monday, May 2 research rating.

A number of institutional investors have recently changed their holdings in AMX. Allworth Financial LP increased its stake in América Móvil shares by 71.4% during the first quarter. Allworth Financial LP now owns 1,368 shares of the wireless communications provider worth $29,000 after buying an additional 570 shares last quarter. Private Ocean LLC acquired a new position in América Móvil in Q4 worth approximately $30,000. Advisors Asset Management Inc. acquired a new position in América Móvil in Q4 worth approximately $48,000. Rockefeller Capital Management LP increased its position in América Móvil by 29.6% in the third quarter. Rockefeller Capital Management LP now owns 2,489 shares of the wireless communications provider valued at $43,000 after buying an additional 569 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in América Móvil shares by 128.1% during the first quarter. BNP Paribas Arbitrage SA now owns 2,502 shares of the wireless communications provider valued at $53,000 after buying an additional 1,405 shares last quarter. Hedge funds and other institutional investors hold 6.02% of the company’s shares.

NYSE:AMX shares opened at $19.44 on Monday. The company’s 50-day simple moving average is $20.81 and its 200-day simple moving average is $19.88. América Móvil has a 1-year minimum of $14.51 and a 1-year maximum of $22.65. The company has a debt ratio of 0.95, a current ratio of 0.77 and a quick ratio of 0.71. The company has a market capitalization of $62.42 billion, a P/E ratio of 5.79, a P/E/G ratio of 0.62 and a beta of 0.94.

América Móvil (NYSE:AMX – Get Rating) last released its results on Tuesday, April 26. The wireless communications provider reported earnings per share of $0.47 for the quarter, beating consensus analyst estimates of $0.36 by $0.11. América Móvil had a return on equity of 28.79% and a net margin of 23.57%. The company posted revenue of $10.30 billion in the quarter, versus a consensus estimate of $10.69 billion. On average, sell-side analysts expect América Móvil to post EPS of 1.26 for the current fiscal year.

About America Movil (Get an assessment)

America Movil, SAB. de CV provides telecommunications services in Latin America and internationally. The Company offers wireless and fixed voice services, including airtime, local, national 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 business customers; value-added services, including Internet access, messaging and other wireless entertainment and business services; data transmission, electronic mail services, instant messaging, content distribution and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calling and personal communications services.

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