America Movil (AMX) Raised to Buy at Santander

America Movil (NYSE:AMX) was upgraded by equities researchers at Santander from a “hold” rating to a “buy” rating in a report released on Thursday.

AMX has been the subject of several other reports. TheStreet downgraded America Movil from a “b-” rating to a “c+” rating in a research note on Thursday, November 9th. UBS downgraded America Movil from a “market perform” rating to an “underperform” rating in a research note on Wednesday, August 23rd. Deutsche Bank upgraded America Movil from a “hold” rating to a “buy” rating and increased their target price for the company from $20.00 to $21.00 in a report on Monday, October 16th. ValuEngine cut America Movil from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Credit Suisse Group upgraded America Movil from a “neutral” rating to an “outperform” rating in a report on Friday, October 20th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.20.

America Movil (NYSE AMX) traded down $0.09 during midday trading on Thursday, reaching $17.24. The company had a trading volume of 2,461,500 shares, compared to its average volume of 2,908,568. America Movil has a 12-month low of $12.00 and a 12-month high of $19.50. The stock has a market cap of $57,252.81, a P/E ratio of 24.76, a P/E/G ratio of 0.22 and a beta of 0.52. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 2.38.

Large investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in America Movil during the 3rd quarter valued at $120,000. Well Done LLC acquired a new stake in America Movil during the 3rd quarter valued at $181,000. Blair William & Co. IL acquired a new stake in America Movil during the 2nd quarter valued at $167,000. Girard Partners LTD. acquired a new stake in shares of America Movil during the second quarter worth $185,000. Finally, Candriam Luxembourg S.C.A. acquired a new stake in shares of America Movil during the third quarter worth $216,000. Hedge funds and other institutional investors own 7.49% of the company’s stock.

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About America Movil

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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