America Movil (NYSE:AMX) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of America Movil (NYSE:AMX – Free Report) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

Several other analysts also recently weighed in on the company. Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Bank of America initiated coverage on America Movil in a research report on Thursday, December 11th. They set a “neutral” rating and a $26.00 price objective on the stock. Scotiabank upped their price target on America Movil from $17.10 to $19.50 and gave the stock a “sector perform” rating in a research report on Thursday, October 16th. Santander cut shares of America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.34.

Read Our Latest Analysis on AMX

America Movil Stock Up 2.9%

Shares of AMX opened at $20.46 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.02. The business has a fifty day moving average of $21.53 and a 200 day moving average of $20.57. The company has a market cap of $61.69 billion, a PE ratio of 16.63 and a beta of 0.78. America Movil has a 52-week low of $13.10 and a 52-week high of $23.68.

Institutional Investors Weigh In On America Movil

A number of hedge funds have recently modified their holdings of the business. Orion Porfolio Solutions LLC boosted its position in shares of America Movil by 3.6% during the third quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock worth $273,000 after buying an additional 455 shares during the period. Axxcess Wealth Management LLC boosted its holdings in America Movil by 1.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 36,075 shares of the Wireless communications provider’s stock valued at $758,000 after acquiring an additional 560 shares during the period. Whittier Trust Co. grew its position in America Movil by 2.8% in the 2nd quarter. Whittier Trust Co. now owns 21,198 shares of the Wireless communications provider’s stock valued at $380,000 after acquiring an additional 582 shares in the last quarter. Profund Advisors LLC lifted its position in shares of America Movil by 1.7% during the second quarter. Profund Advisors LLC now owns 39,561 shares of the Wireless communications provider’s stock worth $710,000 after purchasing an additional 666 shares in the last quarter. Finally, MAI Capital Management grew its stake in shares of America Movil by 2.4% in the second quarter. MAI Capital Management now owns 29,097 shares of the Wireless communications provider’s stock worth $522,000 after acquiring an additional 680 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

About America Movil

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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.

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