America Movil SAB de CV (AMX) Upgraded by JPMorgan Chase & Co. to Neutral

JPMorgan Chase & Co. upgraded shares of America Movil SAB de CV (NYSE:AMX) from an underweight rating to a neutral rating in a report published on Thursday morning, MarketBeat reports.

A number of other brokerages have also issued reports on AMX. Credit Suisse Group raised America Movil SAB de CV from a neutral rating to an outperform rating in a research note on Friday, October 20th. Barclays reaffirmed a buy rating and issued a $21.00 price target on shares of America Movil SAB de CV in a research note on Friday, January 19th. Scotiabank set a $20.00 price target on America Movil SAB de CV and gave the stock a buy rating in a research note on Wednesday, February 14th. ValuEngine raised America Movil SAB de CV from a hold rating to a buy rating in a research note on Friday, February 9th. Finally, TheStreet lowered America Movil SAB de CV from a b- rating to a c+ rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. America Movil SAB de CV has an average rating of Hold and a consensus target price of $18.38.

Shares of America Movil SAB de CV (NYSE AMX) opened at $19.24 on Thursday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.80 and a quick ratio of 0.71. The stock has a market capitalization of $63,562.84, a P/E ratio of 45.81, a PEG ratio of 0.31 and a beta of 0.53. America Movil SAB de CV has a 12 month low of $12.40 and a 12 month high of $19.50.

A number of institutional investors have recently made changes to their positions in AMX. Icon Wealth Partners LLC purchased a new position in America Movil SAB de CV during the fourth quarter worth approximately $105,000. Quantbot Technologies LP purchased a new position in America Movil SAB de CV during the third quarter worth approximately $120,000. James Hambro & Partners purchased a new position in America Movil SAB de CV during the fourth quarter worth approximately $128,000. Well Done LLC purchased a new position in America Movil SAB de CV during the third quarter worth approximately $181,000. Finally, Atria Investments LLC purchased a new position in America Movil SAB de CV during the fourth quarter worth approximately $185,000. Hedge funds and other institutional investors own 7.47% of the company’s stock.

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About America Movil SAB de CV

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.

Analyst Recommendations for America Movil SAB de CV (NYSE:AMX)

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