America Movil SAB de CV (NYSE:AMX) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a note issued to investors on Thursday, The Fly reports.

Several other equities analysts have also weighed in on the stock. Scotiabank set a $20.00 price objective on shares of America Movil SAB de CV and gave the company a “buy” rating in a research report on Wednesday. ValuEngine upgraded shares of America Movil SAB de CV from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. Barclays restated a “buy” rating and set a $21.00 price objective on shares of America Movil SAB de CV in a research report on Friday, January 19th. Santander upgraded shares of America Movil SAB de CV from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Finally, TheStreet lowered shares of America Movil SAB de CV from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. America Movil SAB de CV has a consensus rating of “Hold” and an average price target of $18.38.

America Movil SAB de CV (AMX) opened at $18.69 on Thursday. America Movil SAB de CV has a 12-month low of $12.40 and a 12-month high of $19.50. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.71 and a current ratio of 0.80. The firm has a market cap of $58,937.68, a PE ratio of 36.65, a PEG ratio of 0.29 and a beta of 0.53.

Several institutional investors and hedge funds have recently made changes to their positions in AMX. Gotham Asset Management LLC boosted its holdings in shares of America Movil SAB de CV by 179.8% in the second quarter. Gotham Asset Management LLC now owns 34,908 shares of the Wireless communications provider’s stock worth $556,000 after buying an additional 22,432 shares during the period. State Street Corp boosted its holdings in shares of America Movil SAB de CV by 105.7% in the second quarter. State Street Corp now owns 1,594,576 shares of the Wireless communications provider’s stock worth $25,386,000 after buying an additional 819,490 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of America Movil SAB de CV by 10.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 28,843 shares of the Wireless communications provider’s stock worth $459,000 after buying an additional 2,711 shares during the period. Verition Fund Management LLC acquired a new position in shares of America Movil SAB de CV in the second quarter worth about $364,000. Finally, APG Asset Management N.V. boosted its holdings in shares of America Movil SAB de CV by 3.3% in the third quarter. APG Asset Management N.V. now owns 2,954,584 shares of the Wireless communications provider’s stock worth $52,444,000 after buying an additional 93,600 shares during the period. Institutional investors own 7.47% of the company’s stock.

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About America Movil SAB de CV

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 SAB de CV (NYSE:AMX)

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