America Movil (NYSE:AMX) Cut to Buy at Wall Street Zen

America Movil (NYSE:AMX) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings upgraded America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. The Goldman Sachs Group started coverage on shares of America Movil in a research note on Monday, May 18th. They issued a “buy” rating and a $31.80 target price for the company. Scotiabank lowered their target price on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. New Street Research reissued a “buy” rating and set a $35.00 price target on shares of America Movil in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.16.

America Movil Stock Performance

Shares of America Movil stock opened at $26.45 on Friday. America Movil has a 52 week low of $16.88 and a 52 week high of $28.46. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. The business has a 50 day moving average price of $26.36 and a 200-day moving average price of $23.88. The company has a market cap of $79.62 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 0.84 and a beta of 0.66.

America Movil (NYSE:AMX) last announced its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $13.24 billion for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%. Equities analysts anticipate that America Movil will post 1.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On America Movil

A number of hedge funds have recently made changes to their positions in AMX. Lazard Asset Management LLC boosted its holdings in shares of America Movil by 17.8% in the 1st quarter. Lazard Asset Management LLC now owns 20,807,915 shares of the Wireless communications provider’s stock worth $530,186,000 after buying an additional 3,140,360 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in America Movil by 93.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock worth $173,151,000 after buying an additional 4,053,838 shares during the last quarter. Boston Partners raised its position in America Movil by 7.3% in the fourth quarter. Boston Partners now owns 4,835,629 shares of the Wireless communications provider’s stock worth $99,952,000 after acquiring an additional 326,890 shares during the period. Dimensional Fund Advisors LP raised its position in America Movil by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,305,379 shares of the Wireless communications provider’s stock worth $109,695,000 after acquiring an additional 90,217 shares during the period. Finally, Morgan Stanley boosted its stake in America Movil by 9.8% in the fourth quarter. Morgan Stanley now owns 3,970,788 shares of the Wireless communications provider’s stock valued at $82,076,000 after acquiring an additional 353,632 shares during the last quarter. 6.30% of the stock is currently 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.