America Movil SAB de CV (AMX) Receives Average Recommendation of “Hold” from Brokerages

Shares of America Movil SAB de CV (NYSE:AMX) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $18.00.

Several research analysts recently issued reports on the company. ValuEngine raised America Movil SAB de CV from a “hold” rating to a “buy” rating in a research report on Friday. Deutsche Bank raised America Movil SAB de CV from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $21.00 in a research report on Monday, October 16th. Zacks Investment Research lowered America Movil SAB de CV from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 16th. TheStreet lowered America Movil SAB de CV from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. Finally, Credit Suisse Group raised America Movil SAB de CV from a “neutral” rating to an “outperform” rating in a research report on Friday, October 20th.

Several hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC raised its position in shares of America Movil SAB de CV by 0.8% in the 4th quarter. Fisher Asset Management LLC now owns 14,584,647 shares of the Wireless communications provider’s stock worth $250,127,000 after acquiring an additional 119,394 shares in the last quarter. BlackRock Inc. raised its position in shares of America Movil SAB de CV by 34.2% in the 4th quarter. BlackRock Inc. now owns 13,078,397 shares of the Wireless communications provider’s stock worth $224,294,000 after acquiring an additional 3,330,912 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of America Movil SAB de CV by 7.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,114,643 shares of the Wireless communications provider’s stock worth $73,038,000 after acquiring an additional 271,328 shares in the last quarter. APG Asset Management N.V. raised its position in shares of America Movil SAB de CV by 3.3% in the 3rd quarter. APG Asset Management N.V. now owns 2,954,584 shares of the Wireless communications provider’s stock worth $52,444,000 after acquiring an additional 93,600 shares in the last quarter. Finally, USS Investment Management Ltd raised its position in shares of America Movil SAB de CV by 64.6% in the 4th quarter. USS Investment Management Ltd now owns 2,688,185 shares of the Wireless communications provider’s stock worth $46,116,000 after acquiring an additional 1,055,000 shares in the last quarter. 7.47% of the stock is owned by hedge funds and other institutional investors.

America Movil SAB de CV (NYSE:AMX) opened at $17.79 on Tuesday. The stock has a market capitalization of $58,475.17, a price-to-earnings ratio of 34.88, a P/E/G ratio of 0.29 and a beta of 0.53. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 2.38. America Movil SAB de CV has a 12-month low of $12.40 and a 12-month high of $19.50.

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About America Movil SAB de CV

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.

Analyst Recommendations for America Movil SAB de CV (NYSE:AMX)

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