Generali Investments CEE investicni spolecnost a.s. Takes Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Generali Investments CEE investicni spolecnost a.s. bought a new position 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 and Exchange Commission. The institutional investor bought 51,586 shares of the Wireless communications provider's stock, valued at approximately $738,000.

Several other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management bought a new position in shares of América Móvil during the 4th quarter valued at $32,000. R Squared Ltd bought a new stake in shares of América Móvil during the 4th quarter valued at about $49,000. Raleigh Capital Management Inc. bought a new stake in América Móvil during the 4th quarter valued at approximately $57,000. Blue Trust Inc. raised 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 worth $79,000 after purchasing an additional 2,028 shares in the last quarter. Finally, Modus Advisors LLC purchased a new position in América Móvil during the fourth quarter valued at $80,000. Institutional investors own 6.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Scotiabank decreased their target price on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a report on Thursday, February 13th. Finally, The Goldman Sachs Group dropped their target price on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.15.

Remove Ads

América Móvil Trading Down 1.4 %

Shares of NYSE:AMX traded down $0.20 during trading on Wednesday, reaching $14.28. The company's stock had a trading volume of 1,618,438 shares, compared to its average volume of 1,567,642. The firm's 50 day simple moving average is $14.34 and its two-hundred day simple moving average is $15.24. América Móvil, S.A.B. de C.V. has a 12 month low of $13.63 and a 12 month high of $20.31. The stock has a market capitalization of $43.85 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. 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 announced its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) 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%. On average, research analysts predict 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.