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

America Movil (NYSE:AMX) was upgraded by stock analysts at The Goldman Sachs Group to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on AMX. Wall Street Zen cut shares of America Movil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. JPMorgan Chase & Co. raised their price objective on shares of America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Scotiabank lifted their price objective on shares of America Movil from $19.50 to $21.80 and gave the company a “sector perform” rating in a research note on Monday, March 30th. UBS Group boosted their target price on shares of America Movil to $31.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, New Street Research raised shares of America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, America Movil presently has an average rating of “Hold” and a consensus target price of $27.18.

America Movil Stock Performance

America Movil stock opened at $26.88 on Monday. The company has a market capitalization of $80.92 billion, a P/E ratio of 17.12, a P/E/G ratio of 0.95 and a beta of 0.69. The business has a 50 day moving average of $25.58 and a 200-day moving average of $23.37. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. America Movil has a 1 year low of $16.60 and a 1 year high of $27.80.

America Movil (NYSE:AMX) last released its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (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%. On average, equities research analysts predict that America Movil will post 1.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Camelot Portfolios LLC bought a new position in shares of America Movil in the 4th quarter worth $31,000. Atlas Capital Advisors Inc. bought a new stake in America Movil during the 4th quarter valued at $37,000. EverSource Wealth Advisors LLC raised its holdings in America Movil by 142.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 1,235 shares during the last quarter. Beacon Financial Strategies CORP acquired a new position in America Movil during the fourth quarter worth $43,000. Finally, Arax Advisory Partners lifted its stake in shares of America Movil by 34.0% in the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after buying an additional 612 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

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.