America Movil (NYSE:AMX) Stock Rating Upgraded by Wall Street Zen

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

Several other research analysts also recently commented on the company. Scotiabank dropped their price target on America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. UBS Group lifted their price objective on America Movil to $31.50 and gave the stock a “buy” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. upped their price target on America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings upgraded America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group began coverage on America Movil in a research note on Monday, May 18th. They issued a “buy” rating and a $31.80 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.02.

America Movil Trading Up 0.2%

Shares of NYSE AMX opened at $27.71 on Friday. America Movil has a one year low of $16.88 and a one year high of $28.46. The firm has a market capitalization of $83.41 billion, a PE ratio of 17.65, a PEG ratio of 0.88 and a beta of 0.66. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $26.26 and a two-hundred day moving average price of $23.75.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%.The company had revenue of $13.24 billion during the quarter. As a group, analysts predict 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 and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC raised its position in 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 valued at $530,186,000 after buying an additional 3,140,360 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in America Movil by 93.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock valued at $173,151,000 after purchasing an additional 4,053,838 shares in the last quarter. Boston Partners grew its stake 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 valued at $99,952,000 after purchasing an additional 326,890 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 valued at $109,695,000 after purchasing an additional 90,217 shares in the last quarter. Finally, Morgan Stanley grew 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 purchasing an additional 353,632 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

About America Movil

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.