Boston Partners acquired a new stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 154,509 shares of the Wireless communications provider's stock, valued at approximately $2,211,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Spire Wealth Management bought a new position in América Móvil during the 4th quarter valued at approximately $32,000. Farther Finance Advisors LLC increased its stake 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 valued at $45,000 after buying an additional 1,414 shares during the period. R Squared Ltd bought a new position in shares of América Móvil during the fourth quarter valued at approximately $49,000. Raleigh Capital Management Inc. purchased a new stake in América Móvil in the fourth quarter worth $57,000. Finally, Blue Trust Inc. boosted 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 in the last quarter. 6.30% of the stock is owned by institutional investors.
Analyst Ratings Changes
AMX has been the subject of several research reports. StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 15th. Scotiabank decreased 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. JPMorgan Chase & Co. cut their price objective on 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, The Goldman Sachs Group reduced their target price on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $17.15.
Read Our Latest Research Report on AMX
América Móvil Stock Up 0.4 %
AMX stock traded up $0.06 on Wednesday, reaching $14.35. 2,604,360 shares of the company traded hands, compared to its average volume of 1,614,686. The firm has a fifty day simple moving average of $14.38 and a 200-day simple moving average of $15.08. The company has a market cap of $43.75 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a one year low of $13.63 and a one year high of $20.31. 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 - Get Free Report) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. Research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.
América Móvil Company Profile
(
Free Report)
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.
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