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

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

AMX has been the subject of a number of other research reports. Wall Street Zen cut shares of America Movil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. UBS Group increased their target price on shares of America Movil to $31.50 and gave the stock a “buy” rating in a report on Thursday, April 23rd. New Street Research raised shares of America Movil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. increased their target price on shares of America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Weiss Ratings cut shares of America Movil from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.18.

America Movil Trading Up 1.1%

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

America Movil (NYSE:AMX) last issued its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. The firm had revenue of $13.24 billion during the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%. Analysts predict that America Movil will post 1.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Opal Capital LLC increased its stake in shares of America Movil by 14.0% in the first quarter. Opal Capital LLC now owns 146,664 shares of the Wireless communications provider’s stock valued at $3,737,000 after buying an additional 18,040 shares during the period. Amundi increased its stake in shares of America Movil by 11.2% in the first quarter. Amundi now owns 2,381,539 shares of the Wireless communications provider’s stock valued at $60,682,000 after buying an additional 239,057 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of America Movil by 23.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,896 shares of the Wireless communications provider’s stock valued at $99,000 after buying an additional 739 shares during the period. Royal Bank of Canada increased its stake in shares of America Movil by 2.2% in the first quarter. Royal Bank of Canada now owns 387,667 shares of the Wireless communications provider’s stock valued at $9,877,000 after buying an additional 8,271 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of America Movil by 13.5% in the first quarter. Quantinno Capital Management LP now owns 73,973 shares of the Wireless communications provider’s stock valued at $1,885,000 after buying an additional 8,803 shares during the period. Institutional investors and hedge funds 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.