America Movil (NYSE:AMX) Rating Increased to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of America Movil (NYSE:AMX) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

AMX has been the topic of several other research reports. Wall Street Zen downgraded shares of America Movil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Weiss Ratings downgraded shares of America Movil from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. UBS Group upped their price objective on shares of America Movil to $31.50 and gave the company a “buy” rating in a report on Thursday, April 23rd. Scotiabank upped their price objective on shares of America Movil from $19.50 to $21.80 and gave the company a “sector perform” rating in a report on Monday, March 30th. Finally, New Street Research raised shares of America Movil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.18.

America Movil Trading Up 1.1%

NYSE AMX opened at $26.88 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. The firm has a market cap of $80.92 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 0.95 and a beta of 0.69. The company has a 50 day moving average price of $25.58 and a 200 day moving average price of $23.37. America Movil has a 52 week low of $16.60 and a 52 week high of $27.80.

America Movil (NYSE:AMX) last posted its quarterly earnings data 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%. As a group, sell-side analysts forecast that America Movil will post 1.85 EPS for the current fiscal year.

Institutional Trading of America Movil

Large investors have recently made changes to their positions in the business. Lazard Asset Management LLC boosted its holdings in America Movil by 17.8% during the first quarter. Lazard Asset Management LLC now owns 20,807,915 shares of the Wireless communications provider’s stock worth $530,186,000 after buying an additional 3,140,360 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in America Movil by 93.8% during the fourth 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 buying an additional 4,053,838 shares in the last quarter. Boston Partners boosted its holdings in America Movil by 7.3% during the fourth quarter. Boston Partners now owns 4,835,629 shares of the Wireless communications provider’s stock worth $99,952,000 after buying an additional 326,890 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in America Movil by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,305,379 shares of the Wireless communications provider’s stock worth $109,695,000 after buying an additional 90,217 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in America Movil by 9.8% during the fourth quarter. Morgan Stanley now owns 3,970,788 shares of the Wireless communications provider’s stock worth $82,076,000 after buying an additional 353,632 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

America Movil Company Profile

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.