America Movil (NYSE:AMX) Rating Increased to Strong-Buy at Wall Street Zen

America Movil (NYSE:AMX) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts also recently issued reports about the company. Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Scotiabank upped their target price on America Movil from $17.10 to $19.50 and gave the company a “sector perform” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of America Movil from $21.00 to $23.50 and gave the company a “neutral” rating in a research report on Monday, October 20th. Finally, UBS Group upped their price objective on shares of America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.34.

America Movil Trading Up 2.9%

NYSE AMX opened at $20.46 on Friday. The firm’s 50 day moving average price is $21.58 and its two-hundred day moving average price is $20.52. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.76 and a current ratio of 0.81. America Movil has a twelve month low of $13.10 and a twelve month high of $23.68. The stock has a market cap of $61.69 billion, a price-to-earnings ratio of 16.63 and a beta of 0.78.

America Movil (NYSE:AMX) last issued its earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. America Movil had a return on equity of 16.59% and a net margin of 7.87%.The business had revenue of $12.71 billion during the quarter, compared to analysts’ expectations of $235.15 billion. Equities analysts anticipate that America Movil will post 1.51 EPS for the current year.

Institutional Trading of America Movil

Several large investors have recently added to or reduced their stakes in the business. Hilltop National Bank bought a new position in shares of America Movil during the 2nd quarter valued at $27,000. Advantage Trust Co acquired a new position in America Movil during the second quarter worth $30,000. Trust Co. of Vermont acquired a new position in America Movil during the third quarter worth $31,000. EverSource Wealth Advisors LLC raised its holdings in America Movil by 142.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after buying an additional 1,235 shares in the last quarter. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of America Movil in the fourth quarter worth about $43,000. 6.30% of the stock is owned by institutional investors.

America Movil Company Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.