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

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have earned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $18.98.

Several research analysts recently issued reports on AMX shares. Scotiabank cut their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lowered their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group decreased their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research note on Friday, November 15th.

Hedge Funds Weigh In On América Móvil

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Spire Wealth Management purchased a new position in América Móvil in the fourth quarter valued at about $32,000. R Squared Ltd purchased a new position in América Móvil in the fourth quarter valued at approximately $49,000. Raleigh Capital Management Inc. purchased a new position in América Móvil in the fourth quarter valued at approximately $57,000. CENTRAL TRUST Co lifted its stake in 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 valued at $59,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after purchasing an additional 2,322 shares during the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Price Performance

AMX stock opened at $14.15 on Friday. The company has a market capitalization of $43.43 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 0.73 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil has a 52-week low of $13.63 and a 52-week high of $20.31. The business has a 50-day simple moving average of $14.48 and a two-hundred day simple moving average of $15.89.

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.