América Móvil (NYSE:AMX) Issues Earnings Results

América Móvil (NYSE:AMX) released its quarterly earnings data on Wednesday. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27), Zacks reports. América Móvil had a net margin of 4.45% and a return on equity of 8.61%.

América Móvil Stock Up 0.2 %

AMX stock opened at $14.83 on Friday. The stock has a market capitalization of $45.53 billion, a P/E ratio of 22.14, a P/E/G ratio of 0.75 and a beta of 0.93. The firm has a 50-day simple moving average of $14.32 and a 200-day simple moving average of $15.55. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. América Móvil has a 52 week low of $13.63 and a 52 week high of $20.31.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMX shares. Scotiabank cut their price objective on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a report on Thursday. The Goldman Sachs Group cut their price objective on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. cut their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.22.

About América Móvil

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.