Guggenheim Capital LLC Buys 18,705 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Guggenheim Capital LLC raised its position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 25.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 93,308 shares of the Wireless communications provider's stock after acquiring an additional 18,705 shares during the period. Guggenheim Capital LLC's holdings in América Móvil were worth $1,335,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in América Móvil by 55.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock valued at $243,000 after purchasing an additional 6,033 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of América Móvil by 82.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock worth $45,000 after acquiring an additional 1,414 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock worth $79,000 after acquiring an additional 2,028 shares during the last quarter. Empirical Asset Management LLC bought a new position in América Móvil in the 4th quarter valued at about $487,000. Finally, Barclays PLC lifted its position in América Móvil by 36,692.9% in the 3rd 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 in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMX. StockNews.com upgraded América Móvil from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 15th. Hsbc Global Res upgraded América Móvil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. The Goldman Sachs Group reduced their target price on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. Finally, Scotiabank cut their price target on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, América Móvil has an average rating of "Moderate Buy" and a consensus price target of $17.22.

América Móvil Stock Performance

Shares of NYSE:AMX traded down $0.11 during midday trading on Friday, reaching $16.99. The company had a trading volume of 3,024,506 shares, compared to its average volume of 1,794,470. The stock has a market cap of $51.82 billion, a P/E ratio of 34.67, a P/E/G ratio of 0.77 and a beta of 0.79. The company's 50 day moving average price is $14.63 and its 200 day moving average price is $14.85. 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 - Get Free Report) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. As a group, sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

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.