34,920 Shares in América Móvil, S.A.B. de C.V. (NYSE:AMX) Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 34,920 shares of the Wireless communications provider’s stock, valued at approximately $494,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 acquiring an additional 6,033 shares during the period. Farther Finance Advisors LLC lifted its holdings in América Móvil by 82.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock valued at $45,000 after acquiring an additional 1,414 shares during the period. Blue Trust Inc. lifted its holdings in América Móvil by 57.8% in the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock valued at $79,000 after acquiring an additional 2,028 shares during the period. Empirical Asset Management LLC acquired a new position in América Móvil in the fourth quarter valued at approximately $487,000. Finally, Barclays PLC lifted its holdings in América Móvil by 36,692.9% in the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after acquiring an additional 149,707 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

América Móvil Stock Down 0.4%

América Móvil stock opened at $17.26 on Friday. The stock has a market capitalization of $52.37 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82. América Móvil, S.A.B. de C.V. has a 12 month low of $13.10 and a 12 month high of $19.84. The business has a 50 day simple moving average of $15.47 and a 200-day simple moving average of $14.91. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 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 firm had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $11.28 billion. On average, analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMX shares. Hsbc Global Res raised América Móvil from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. The Goldman Sachs Group decreased their price target on América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a report on Wednesday, February 19th. Scotiabank cut their price objective on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. HSBC upgraded América Móvil from a “hold” rating to a “buy” rating and boosted their price objective for the company from $15.50 to $17.50 in a research report on Monday, April 14th. Finally, StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. One 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.22.

América Móvil 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.