América Móvil (NYSE:AMX) Price Target Cut to $15.00 by Analysts at JPMorgan Chase & Co.

América Móvil (NYSE:AMX) had its price objective cut by research analysts at JPMorgan Chase & Co. from $17.00 to $15.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the Wireless communications provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 6.69% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Scotiabank lowered their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.98.

América Móvil Price Performance

AMX stock opened at $14.06 on Thursday. América Móvil has a 52 week low of $13.63 and a 52 week high of $20.31. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $14.69 and a two-hundred day simple moving average of $16.04. The firm has a market capitalization of $43.16 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The business had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. Analysts anticipate that América Móvil will post 0.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Empirical Asset Management LLC purchased a new position in América Móvil during the 4th quarter valued at about $487,000. Gateway Investment Advisers LLC increased its position in América Móvil by 17.3% during the 4th quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider’s stock valued at $184,000 after purchasing an additional 1,893 shares during the period. Modus Advisors LLC purchased a new position in América Móvil during the 4th quarter valued at about $80,000. ABS Direct Equity Fund LLC increased its position in América Móvil by 21.4% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock valued at $6,772,000 after purchasing an additional 73,022 shares during the period. Finally, Barclays PLC increased its position in América Móvil by 36,692.9% during the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after purchasing an additional 149,707 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

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.