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

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

Several other equities research analysts have also issued reports on the company. New Street Research reissued a “buy” rating and set a $35.00 price objective on shares of America Movil in a research note on Wednesday, June 17th. UBS Group upped their target price on America Movil to $31.50 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Scotiabank lowered their price target on America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. The Goldman Sachs Group assumed coverage on America Movil in a report on Monday, May 18th. They issued a “buy” rating and a $31.80 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $28.16.

America Movil Stock Performance

NYSE AMX opened at $26.14 on Monday. America Movil has a 1 year low of $16.92 and a 1 year high of $28.46. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. The stock has a market capitalization of $78.67 billion, a PE ratio of 16.65, a P/E/G ratio of 0.83 and a beta of 0.66. The company’s 50 day simple moving average is $26.15 and its two-hundred day simple moving average is $24.66.

America Movil (NYSE:AMX) last announced its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. The firm had revenue of $13.24 billion during the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. Analysts predict that America Movil will post 1.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On America Movil

Several hedge funds have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of America Movil by 93.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock worth $173,151,000 after purchasing an additional 4,053,838 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of America Movil by 17.8% during the 1st quarter. Lazard Asset Management LLC now owns 20,807,915 shares of the Wireless communications provider’s stock valued at $530,186,000 after buying an additional 3,140,360 shares in the last quarter. Bank of America Corp DE lifted its position in America Movil by 314.2% in the 1st quarter. Bank of America Corp DE now owns 2,272,406 shares of the Wireless communications provider’s stock worth $57,901,000 after buying an additional 1,723,717 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in America Movil in the 2nd quarter worth approximately $11,252,000. Finally, Marshall Wace LLP purchased a new stake in America Movil in the fourth quarter worth approximately $9,749,000. Institutional investors own 6.30% of the company’s stock.

About America Movil

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.