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 (EPS) for the quarter, missing the consensus estimate 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 Trading Down 1.1 %

Shares of América Móvil stock opened at $14.56 on Wednesday. América Móvil has a 12-month low of $13.63 and a 12-month high of $20.31. The firm’s 50 day simple moving average is $14.33 and its two-hundred day simple moving average is $15.55. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $44.71 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 0.75 and a beta of 0.93.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Scotiabank cut their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lowered 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. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group decreased 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, América Móvil has an average rating of “Moderate Buy” and an average price target of $18.94.

América Móvil Company Profile

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.