América Móvil (NYSE:AMX) Upgraded to “Buy” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of América Móvil (NYSE:AMX) from a neutral rating to a buy rating in a report published on Monday, MarketBeat.com reports. The Goldman Sachs Group currently has $22.00 price target on the Wireless communications provider’s stock, up from their prior price target of $21.00.

A number of other research firms have also recently weighed in on AMX. Jefferies Financial Group raised shares of América Móvil from a hold rating to a buy rating and lifted their price objective for the company from $19.16 to $22.22 in a report on Friday, February 16th. JPMorgan Chase & Co. upped their price target on América Móvil from $15.00 to $17.50 and gave the stock an underweight rating in a report on Monday, April 1st. UBS Group raised their price objective on América Móvil from $21.00 to $22.80 and gave the company a buy rating in a report on Tuesday, January 16th. StockNews.com raised América Móvil from a hold rating to a buy rating in a research note on Thursday, February 15th. Finally, Scotiabank lifted their price target on shares of América Móvil from $16.60 to $17.20 and gave the company a sector perform rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $22.08.

América Móvil Stock Performance

Shares of AMX stock opened at $19.44 on Monday. América Móvil has a 52-week low of $15.99 and a 52-week high of $23.07. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.83. The stock has a market cap of $60.35 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. The business has a 50-day simple moving average of $18.71 and a 200-day simple moving average of $18.15.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The company had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.92 billion. América Móvil had a return on equity of 14.07% and a net margin of 7.28%. On average, equities analysts expect that América Móvil will post 1.51 EPS for the current year.

Institutional Investors Weigh In On América Móvil

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. raised its position in shares of América Móvil by 2.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider’s stock valued at $400,000 after buying an additional 587 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC grew its holdings in América Móvil by 2.8% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 30,723 shares of the Wireless communications provider’s stock valued at $532,000 after buying an additional 826 shares in the last quarter. NewEdge Wealth LLC increased its stake in shares of América Móvil by 5.9% in the 4th quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider’s stock worth $313,000 after acquiring an additional 944 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of América Móvil by 43.5% during the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after acquiring an additional 1,051 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its position in shares of América Móvil by 7.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 16,797 shares of the Wireless communications provider’s stock valued at $311,000 after acquiring an additional 1,133 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

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 also 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.