America Movil’s (AMX) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of America Movil (NYSE:AMX) in a research report report published on Wednesday,Weiss Ratings reports.

AMX has been the topic of several other research reports. JPMorgan Chase & Co. raised shares of America Movil from an “underweight” rating to a “neutral” rating and upped their price target for the company from $15.00 to $21.00 in a report on Friday, August 8th. UBS Group upped their target price on America Movil from $20.40 to $21.10 and gave the company a “neutral” rating in a research note on Monday, July 28th. The Goldman Sachs Group upped their price objective on America Movil from $21.40 to $23.20 and gave the company a “buy” rating in a research report on Monday, October 6th. Citigroup downgraded America Movil from a “buy” rating to a “neutral” rating and upped their price objective for the company from $20.00 to $22.00 in a research report on Wednesday, September 10th. Finally, Wall Street Zen upgraded shares of America Movil from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.75.

America Movil Stock Down 0.1%

AMX opened at $21.19 on Wednesday. America Movil has a one year low of $13.10 and a one year high of $21.52. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.70 and a current ratio of 0.75. The business’s fifty day moving average is $19.96 and its two-hundred day moving average is $17.87. The company has a market cap of $63.99 billion, a price-to-earnings ratio of 22.54 and a beta of 0.88.

America Movil (NYSE:AMX) last released its quarterly earnings data on Tuesday, July 22nd. The Wireless communications provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.11). America Movil had a return on equity of 12.59% and a net margin of 6.11%.The business had revenue of $12.50 billion during the quarter, compared to analysts’ expectations of $233.77 billion. Analysts anticipate that America Movil will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AMX. Boston Partners lifted its holdings in shares of America Movil by 6,421.7% during the 2nd quarter. Boston Partners now owns 4,127,267 shares of the Wireless communications provider’s stock worth $74,043,000 after acquiring an additional 4,063,982 shares during the period. Millennium Management LLC raised its stake in America Movil by 279.3% during the first quarter. Millennium Management LLC now owns 1,447,032 shares of the Wireless communications provider’s stock worth $20,577,000 after purchasing an additional 1,065,538 shares during the period. Lazard Asset Management LLC raised its stake in America Movil by 5.4% during the second quarter. Lazard Asset Management LLC now owns 16,272,887 shares of the Wireless communications provider’s stock worth $291,934,000 after purchasing an additional 832,787 shares during the period. Teacher Retirement System of Texas raised its stake in America Movil by 93.0% during the first quarter. Teacher Retirement System of Texas now owns 1,585,100 shares of the Wireless communications provider’s stock worth $22,540,000 after purchasing an additional 764,000 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in America Movil during the second quarter worth approximately $11,252,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

About America Movil

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 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.