First Trust Advisors LP Boosts Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

First Trust Advisors LP raised its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,999,200 shares of the Wireless communications provider's stock after purchasing an additional 48,849 shares during the period. First Trust Advisors LP owned 0.10% of América Móvil worth $42,919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in AMX. Lee Danner & Bass Inc. purchased a new position in América Móvil during the 4th quarter valued at approximately $29,000. Spire Wealth Management purchased a new position in shares of América Móvil in the fourth quarter valued at $32,000. Farther Finance Advisors LLC increased its position 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 worth $45,000 after purchasing an additional 1,414 shares during the last quarter. R Squared Ltd purchased a new stake in América Móvil during the fourth quarter valued at $49,000. Finally, Raleigh Capital Management Inc. bought a new position in América Móvil during the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 6.30% of the company's stock.

América Móvil Trading Up 1.3 %

Shares of AMX traded up $0.22 during trading hours on Monday, reaching $17.21. 2,016,390 shares of the company traded hands, compared to its average volume of 2,080,008. The firm has a market cap of $52.50 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 0.77 and a beta of 0.79. América Móvil, S.A.B. de C.V. has a 12-month low of $13.10 and a 12-month high of $20.31. The stock's fifty day moving average price is $14.67 and its 200 day moving average price is $14.84. 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 issued 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%. Sell-side analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.