ValuEngine Downgrades America Movil (AMX) to Hold

America Movil (NYSE:AMX) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also recently issued reports on the stock. Credit Suisse Group upgraded shares of America Movil from a “neutral” rating to an “outperform” rating in a research report on Friday, October 20th. UBS cut shares of America Movil from a “market perform” rating to an “underperform” rating in a research report on Wednesday, August 23rd. TheStreet cut shares of America Movil from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of America Movil from a “strong sell” rating to a “hold” rating and set a $21.00 target price for the company in a research report on Monday, August 14th. Finally, Barclays reiterated an “overweight” rating and set a $20.00 target price (up previously from $18.00) on shares of America Movil in a research report on Monday, August 21st. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. America Movil currently has a consensus rating of “Hold” and an average price target of $17.20.

Shares of America Movil (NYSE:AMX) traded down $0.07 during trading on Friday, hitting $17.03. 1,980,000 shares of the company were exchanged, compared to its average volume of 2,005,154. The firm has a market cap of $56,261.70, a PE ratio of 24.33, a P/E/G ratio of 0.21 and a beta of 0.52. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.39. America Movil has a 1-year low of $11.72 and a 1-year high of $19.50.

Large investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in America Movil during the 3rd quarter worth about $120,000. Well Done LLC bought a new stake in America Movil during the 3rd quarter worth about $181,000. Blair William & Co. IL bought a new stake in America Movil during the 2nd quarter worth about $167,000. Girard Partners LTD. bought a new stake in America Movil during the 2nd quarter worth about $185,000. Finally, Candriam Luxembourg S.C.A. bought a new stake in America Movil during the 3rd quarter worth about $216,000. 7.54% of the stock is currently owned by hedge funds and other institutional investors.

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America Movil Company Profile

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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