America Movil (NYSE:AMX) Releases Quarterly Earnings Results

America Movil (NYSE:AMX) released its quarterly earnings results on Thursday. The Wireless communications provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08), Zacks reports. The firm had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $13.09 billion. America Movil had a net margin of 8.78% and a return on equity of 18.78%.

America Movil Stock Performance

Shares of NYSE AMX traded down $0.08 during trading on Friday, reaching $23.79. 1,637,964 shares of the company traded hands, compared to its average volume of 2,589,751. The stock has a market cap of $71.71 billion, a P/E ratio of 16.63 and a beta of 0.76. The firm’s fifty day simple moving average is $21.08 and its 200 day simple moving average is $21.05. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.02. America Movil has a 12-month low of $13.10 and a 12-month high of $24.11.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in shares of America Movil in the fourth quarter worth about $154,000. Royal Bank of Canada raised its holdings in America Movil by 16.9% in the 1st quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock worth $5,339,000 after purchasing an additional 54,152 shares during the period. Jones Financial Companies Lllp raised its holdings in America Movil by 2,189.8% in the 1st quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock worth $330,000 after purchasing an additional 22,226 shares during the period. Goldman Sachs Group Inc. boosted its position in America Movil by 15.2% during the first quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock worth $11,071,000 after purchasing an additional 102,545 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in America Movil by 9.5% during the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock worth $719,000 after purchasing an additional 4,373 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on AMX shares. The Goldman Sachs Group set a $24.30 price objective on America Movil and gave the company a “buy” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. boosted their price target on America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Bank of America began coverage on shares of America Movil in a research report on Thursday, December 11th. They set a “neutral” rating and a $26.00 target price on the stock. Finally, Santander cut shares of America Movil from an “outperform” rating to a “neutral” rating in a report on Friday, December 12th. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.34.

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.