America Movil (AMX) Lifted to Buy at Santander

America Movil (NYSE:AMX) was upgraded by research analysts at Santander from a “hold” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.

Other analysts have also issued research reports about the stock. Deutsche Bank raised shares of America Movil from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $21.00 in a research report on Monday, October 16th. Zacks Investment Research lowered shares of America Movil from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 16th. ValuEngine lowered shares of America Movil from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. TheStreet lowered shares of America Movil from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. Finally, UBS lowered shares of America Movil from a “market perform” rating to an “underperform” rating in a research report on Wednesday, August 23rd. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $17.20.

America Movil (AMX) traded down $0.09 on Thursday, hitting $17.24. 2,461,500 shares of the company were exchanged, compared to its average volume of 2,908,568. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.80 and a quick ratio of 0.71. America Movil has a one year low of $12.00 and a one year high of $19.50. The company has a market capitalization of $57,252.81, a price-to-earnings ratio of 24.76, a P/E/G ratio of 0.22 and a beta of 0.52.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC grew its stake in America Movil by 33.7% during the third quarter. Parametric Portfolio Associates LLC now owns 1,030,643 shares of the Wireless communications provider’s stock valued at $18,294,000 after acquiring an additional 259,777 shares in the last quarter. Jane Street Group LLC purchased a new position in America Movil during the third quarter valued at approximately $457,000. Lenox Wealth Management Inc. grew its stake in America Movil by 39.4% during the third quarter. Lenox Wealth Management Inc. now owns 54,884 shares of the Wireless communications provider’s stock valued at $974,000 after acquiring an additional 15,520 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in America Movil by 45.7% during the third quarter. Envestnet Asset Management Inc. now owns 448,823 shares of the Wireless communications provider’s stock valued at $7,967,000 after acquiring an additional 140,838 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in America Movil by 10.6% during the third quarter. Stifel Financial Corp now owns 39,447 shares of the Wireless communications provider’s stock valued at $704,000 after acquiring an additional 3,780 shares in the last quarter. Hedge funds and other institutional investors own 7.49% of the company’s stock.

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America Movil Company Profile

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.