Banco BTG Pactual S.A. Has $1.67 Million Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Banco BTG Pactual S.A. raised its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 56.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,008 shares of the Wireless communications provider's stock after acquiring an additional 42,008 shares during the quarter. Banco BTG Pactual S.A.'s holdings in América Móvil were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC grew its holdings in shares of América Móvil by 125.6% in the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock worth $1,073,000 after acquiring an additional 36,520 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in América Móvil by 55.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock worth $243,000 after purchasing an additional 6,033 shares in the last quarter. ABS Direct Equity Fund LLC raised its holdings in América Móvil by 21.4% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider's stock worth $6,772,000 after buying an additional 73,022 shares during the period. Blue Trust Inc. raised its holdings in América Móvil by 57.8% during the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock worth $79,000 after buying an additional 2,028 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in 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 valued at $45,000 after buying an additional 1,414 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

América Móvil Stock Performance

AMX traded down $0.08 during midday trading on Friday, reaching $14.41. The company's stock had a trading volume of 940,645 shares, compared to its average volume of 1,640,816. América Móvil, S.A.B. de C.V. has a twelve month low of $13.63 and a twelve month high of $20.31. The stock has a market cap of $43.94 billion, a P/E ratio of 29.40, a PEG ratio of 0.77 and a beta of 0.95. The company has a fifty day simple moving average of $14.41 and a 200 day simple moving average of $15.05. 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 (NYSE:AMX - Get Free Report) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. Research analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price target on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a report on Wednesday, February 19th. StockNews.com upgraded América Móvil from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 15th. Scotiabank reduced 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 report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lowered their price objective 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $17.15.

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.