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

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

A number of other research firms have also weighed in on AMX. Weiss Ratings upgraded America Movil from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. JPMorgan Chase & Co. boosted their price target on America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. UBS Group upped their price objective on America Movil to $31.50 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Scotiabank dropped their price objective 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. Finally, New Street Research reiterated a “buy” rating and issued a $35.00 target price on shares of America Movil in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.16.

America Movil Trading Up 0.1%

Shares of AMX opened at $26.29 on Monday. The firm has a market capitalization of $79.13 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 0.84 and a beta of 0.66. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. America Movil has a 1-year low of $16.92 and a 1-year high of $28.46. The company has a 50-day moving average of $26.19 and a 200 day moving average of $24.58.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. The business 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%. On average, research analysts expect that America Movil will post 1.91 EPS for the current year.

Hedge Funds Weigh In On America Movil

Large investors have recently made changes to their positions in the company. Camelot Portfolios LLC purchased a new stake in America Movil during the fourth quarter worth $31,000. Atlas Capital Advisors Inc. purchased a new position in America Movil in the fourth quarter valued at $37,000. EverSource Wealth Advisors LLC raised its position in shares of America Movil by 142.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 1,235 shares during the period. Beacon Financial Strategies CORP acquired a new position in shares of America Movil in the fourth quarter worth about $43,000. Finally, Arax Advisory Partners boosted its stake in shares of America Movil by 34.0% during the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after acquiring an additional 612 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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.