ValuEngine Downgrades America Movil (AMX) to Hold

America Movil (NYSE:AMX) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Several other equities analysts also recently commented on the company. Credit Suisse Group raised America Movil from a “neutral” rating to an “outperform” rating in a research report on Friday, October 20th. UBS downgraded America Movil from a “market perform” rating to an “underperform” rating in a research report on Wednesday, August 23rd. TheStreet downgraded America Movil from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. Zacks Investment Research raised America Movil from a “strong sell” rating to a “hold” rating and set a $21.00 price target on the stock in a research report on Monday, August 14th. Finally, Barclays reissued an “overweight” rating and set a $20.00 price target (up previously from $18.00) on shares of America Movil in a research report on Monday, August 21st. Four analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $17.20.

Shares of America Movil (NYSE AMX) traded down $0.07 during trading on Friday, reaching $17.03. The company’s stock had a trading volume of 1,980,000 shares, compared to its average volume of 2,005,154. The company has a market cap of $56,261.70, a P/E ratio of 24.33, a PEG ratio of 0.21 and a beta of 0.52. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.39. America Movil has a 12 month low of $11.72 and a 12 month high of $19.50.

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in America Movil during the third quarter valued at about $120,000. Well Done LLC bought a new stake in America Movil during the third quarter valued at about $181,000. Blair William & Co. IL bought a new stake in America Movil during the second quarter valued at about $167,000. Girard Partners LTD. bought a new stake in America Movil during the second quarter valued at about $185,000. Finally, Candriam Luxembourg S.C.A. bought a new stake in America Movil during the third quarter valued at about $216,000. 7.54% of the stock is currently owned by institutional investors and hedge funds.

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About America Movil

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for America Movil (NYSE:AMX)

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