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Essex Financial Services Inc. Takes Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

América Móvil logo with Computer and Technology background

Essex Financial Services Inc. acquired a new stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 52,494 shares of the Wireless communications provider's stock, valued at approximately $751,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMX. Spire Wealth Management purchased a new stake in América Móvil in the 4th quarter worth approximately $32,000. R Squared Ltd purchased a new stake in shares of América Móvil in the fourth quarter valued at $49,000. Blue Trust Inc. grew its position in shares of América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider's stock valued at $60,000 after purchasing an additional 2,322 shares during the period. CENTRAL TRUST Co increased its stake in América Móvil by 3,500.0% in the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider's stock valued at $59,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Raleigh Capital Management Inc. purchased a new position in América Móvil during the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on AMX shares. Scotiabank lowered their price target on América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group cut their price target on shares of América Móvil from $17.80 to $17.60 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Finally, StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.22.

Read Our Latest Report on América Móvil

América Móvil Trading Up 3.1 %

AMX traded up $0.46 on Friday, reaching $15.29. 2,383,679 shares of the company's stock were exchanged, compared to its average volume of 1,461,926. 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 company's 50 day moving average is $14.32 and its 200-day moving average is $15.52. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The company has a market cap of $46.95 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 0.75 and a beta of 0.93.

América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. Equities analysts predict that América Móvil, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

About América Móvil

(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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Institutional Ownership by Quarter for América Móvil (NYSE:AMX)

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