ValuEngine upgraded shares of America Movil, S.A.B. de C.V. (NYSE:AMX) from a hold rating to a buy rating in a research note published on Monday morning.

Several other research analysts have also recently issued reports on the stock. Barclays PLC restated a buy rating and issued a $18.00 target price (up previously from $17.00) on shares of America Movil, S.A.B. de C.V. in a report on Friday, July 21st. Zacks Investment Research upgraded shares of America Movil, S.A.B. de C.V. from a strong sell rating to a hold rating in a report on Tuesday, June 20th. Credit Suisse Group set a $16.00 target price on shares of America Movil, S.A.B. de C.V. and gave the stock a hold rating in a report on Thursday, June 22nd. Morgan Stanley upgraded shares of America Movil, S.A.B. de C.V. from an equal weight rating to an overweight rating and raised their target price for the stock from $16.00 to $21.00 in a report on Thursday, August 10th. Finally, Royal Bank Of Canada set a $14.00 target price on shares of America Movil, S.A.B. de C.V. and gave the stock a sell rating in a report on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $15.21.

Shares of America Movil, S.A.B. de C.V. (AMX) opened at 18.54 on Monday. The stock has a 50 day moving average of $18.41 and a 200-day moving average of $16.20. The company has a market capitalization of $60.95 billion, a price-to-earnings ratio of 23.77 and a beta of 0.54. America Movil, S.A.B. de C.V. has a 1-year low of $11.02 and a 1-year high of $19.05.

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A number of large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC boosted its holdings in America Movil, S.A.B. de C.V. by 7.2% in the first quarter. Lazard Asset Management LLC now owns 44,102,428 shares of the Wireless communications provider’s stock valued at $624,930,000 after acquiring an additional 2,956,339 shares in the last quarter. Capital International Investors boosted its holdings in America Movil, S.A.B. de C.V. by 9.0% in the second quarter. Capital International Investors now owns 37,270,001 shares of the Wireless communications provider’s stock valued at $593,338,000 after acquiring an additional 3,092,082 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in America Movil, S.A.B. de C.V. by 0.5% in the second quarter. Fisher Asset Management LLC now owns 15,117,475 shares of the Wireless communications provider’s stock valued at $240,670,000 after acquiring an additional 73,029 shares in the last quarter. Wellington Management Group LLP boosted its holdings in America Movil, S.A.B. de C.V. by 109.5% in the first quarter. Wellington Management Group LLP now owns 14,134,130 shares of the Wireless communications provider’s stock valued at $200,282,000 after acquiring an additional 7,387,101 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in America Movil, S.A.B. de C.V. by 10.4% in the second quarter. BlackRock Inc. now owns 10,287,898 shares of the Wireless communications provider’s stock valued at $163,783,000 after acquiring an additional 968,660 shares in the last quarter. Institutional investors and hedge funds own 7.64% of the company’s stock.

America Movil, S.A.B. de C.V. Company Profile

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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Analyst Recommendations for America Movil, S.A.B. de C.V. (NYSE:AMX)

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