America Movil (NYSE:AMX) Raised to “Strong-Buy” at UBS Group

America Movil (NYSE:AMX) was upgraded by UBS Group from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other analysts have also weighed in on AMX. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st. Santander downgraded shares of America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. Zacks Research cut shares of America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, Bank of America began coverage on shares of America Movil in a research note on Thursday, December 11th. They set a “neutral” rating and a $26.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.26.

America Movil Trading Up 7.2%

NYSE:AMX opened at $25.48 on Tuesday. America Movil has a 12-month low of $13.10 and a 12-month high of $25.63. The firm has a market cap of $76.81 billion, a PE ratio of 17.81 and a beta of 0.76. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01. The stock has a fifty day moving average price of $21.49 and a 200 day moving average price of $21.38.

America Movil (NYSE:AMX) last issued its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The company had revenue of $13.59 billion for the quarter, compared to analysts’ expectations of $13.09 billion. America Movil had a return on equity of 18.92% and a net margin of 8.78%. Sell-side analysts anticipate that America Movil will post 1.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On America Movil

Institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC boosted its stake in America Movil by 0.6% in the fourth quarter. Corient Private Wealth LLC now owns 66,871 shares of the Wireless communications provider’s stock valued at $1,377,000 after acquiring an additional 419 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of America Movil by 1.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 36,505 shares of the Wireless communications provider’s stock valued at $755,000 after purchasing an additional 430 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of America Movil by 3.6% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock valued at $273,000 after purchasing an additional 455 shares during the last quarter. Arax Advisory Partners boosted its position in shares of America Movil by 34.0% in the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after purchasing an additional 612 shares during the period. Finally, Profund Advisors LLC grew its stake in America Movil by 1.7% during the 2nd quarter. Profund Advisors LLC now owns 39,561 shares of the Wireless communications provider’s stock worth $710,000 after buying an additional 666 shares during the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

About America Movil

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.