America Movil (NYSE:AMX) Releases Earnings Results

America Movil (NYSE:AMX) announced its quarterly earnings data on Tuesday. The Wireless communications provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01, Zacks reports. America Movil had a net margin of 9.38% and a return on equity of 20.33%.

America Movil Stock Up 0.2%

Shares of AMX traded up $0.04 during mid-day trading on Tuesday, hitting $22.87. The company’s stock had a trading volume of 2,786,561 shares, compared to its average volume of 2,186,153. The company’s 50-day moving average is $22.69 and its 200-day moving average is $24.85. America Movil has a 52-week low of $19.70 and a 52-week high of $28.46. The firm has a market capitalization of $68.74 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.17 and a beta of 0.59. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMX. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a research report on Thursday, August 13th. Santander raised America Movil from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 13th. Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. raised America Movil from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $30.00 to $32.00 in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.52.

About America Movil

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.