América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Free Report)’s stock price traded down 1.9% during mid-day trading on Wednesday . The stock traded as low as $16.59 and last traded at $16.67. 95,613 shares were traded during mid-day trading, a decline of 93% from the average session volume of 1,469,915 shares. The stock had previously closed at $16.99.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on AMX shares. Scotiabank raised their price target on América Móvil from $16.60 to $17.20 and gave the company a “sector perform” rating in a report on Thursday, April 25th. The Goldman Sachs Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $22.00 in a report on Monday, April 29th. JPMorgan Chase & Co. raised their price objective on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research note on Monday, April 1st. StockNews.com upgraded América Móvil from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, Jefferies Financial Group upgraded América Móvil from a “hold” rating to a “buy” rating and lifted their price target for the company from $19.16 to $22.22 in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.47.
América Móvil Trading Down 1.1 %
The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65. The firm has a market capitalization of $52.16 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 0.99 and a beta of 0.95. The firm has a 50 day moving average price of $18.77 and a two-hundred day moving average price of $18.55.
América Móvil (NYSE:AMX – Get Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The company had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.96 billion. On average, equities research analysts expect that América Móvil, S.A.B. de C.V. will post 1.45 EPS for the current fiscal year.
Hedge Funds Weigh In On América Móvil
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital International Investors increased its holdings in shares of América Móvil by 9.9% in the 4th quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock valued at $1,158,783,000 after purchasing an additional 5,627,860 shares during the period. Schroder Investment Management Group lifted its position in América Móvil by 178.8% in the 4th quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock worth $181,891,000 after buying an additional 6,298,239 shares in the last quarter. Oaktree Capital Management LP acquired a new stake in shares of América Móvil during the 4th quarter valued at $42,575,000. Deutsche Bank AG purchased a new position in shares of América Móvil during the 3rd quarter valued at $4,247,000. Finally, Capital International Sarl grew its holdings in shares of América Móvil by 13.5% during the 4th quarter. Capital International Sarl now owns 1,128,480 shares of the Wireless communications provider’s stock valued at $20,899,000 after acquiring an additional 134,047 shares in the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.
About América Móvil
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.