América Móvil (NYSE:AMX) Releases Quarterly Earnings Results, Misses Estimates By $0.27 EPS

América Móvil (NYSE:AMX) released its earnings results on Wednesday. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates 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 %

NYSE:AMX opened at $14.56 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. América Móvil has a 52 week low of $13.63 and a 52 week high of $20.31. The stock has a market cap of $44.71 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 0.75 and a beta of 0.93. The company’s 50 day moving average price is $14.33 and its 200-day moving average price is $15.55.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMX. The Goldman Sachs Group dropped their price target on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Scotiabank decreased their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reduced their target price on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.94.

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.