América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE increased its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 278.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,216,018 shares of the Wireless communications provider’s stock after acquiring an additional 7,519,147 shares during the period. Bank of America Corp DE’s holdings in América Móvil were worth $146,191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in América Móvil by 55.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider’s stock valued at $243,000 after buying an additional 6,033 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of América Móvil by 82.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock worth $45,000 after purchasing an additional 1,414 shares during the period. Blue Trust Inc. increased its holdings in América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock valued at $79,000 after purchasing an additional 2,028 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in América Móvil in the fourth quarter valued at approximately $487,000. Finally, Barclays PLC lifted its stake in América Móvil by 36,692.9% during the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock worth $2,456,000 after purchasing an additional 149,707 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

América Móvil Trading Up 0.8 %

Shares of NYSE:AMX opened at $17.00 on Friday. The company has a market cap of $51.85 billion, a PE ratio of 34.69, a P/E/G ratio of 0.77 and a beta of 0.82. The company’s 50 day moving average is $15.20 and its two-hundred day moving average is $14.90. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. América Móvil, S.A.B. de C.V. has a 52 week low of $13.10 and a 52 week high of $20.31.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. The business had revenue of $11.36 billion for the quarter, compared to analyst estimates of $11.28 billion. Equities analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on AMX. The Goldman Sachs Group cut their price objective on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price objective 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. HSBC raised shares of América Móvil from a “hold” rating to a “buy” rating and upped their target price for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. Scotiabank dropped their price target on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.22.

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.