Raymond James Financial Inc. Invests $1.39 Million in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Raymond James Financial Inc. acquired a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 96,864 shares of the Wireless communications provider's stock, valued at approximately $1,386,000.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC lifted its holdings in América Móvil by 125.6% in the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock valued at $1,073,000 after acquiring an additional 36,520 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in América Móvil by 55.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock valued at $243,000 after purchasing an additional 6,033 shares during the last quarter. ABS Direct Equity Fund LLC boosted its holdings in América Móvil by 21.4% during the third 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 in the last quarter. Blue Trust Inc. grew its position 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 buying an additional 2,028 shares during the last quarter. Finally, Empirical Asset Management LLC bought a new position in shares of América Móvil in the fourth quarter valued at $487,000. Institutional investors and hedge funds own 6.30% of the company's stock.

Analyst Ratings Changes

AMX has been the subject of several research reports. The Goldman Sachs Group reduced their price objective on América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research note on Wednesday, February 19th. StockNews.com upgraded América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. JPMorgan Chase & Co. dropped their price target 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. Finally, Scotiabank reduced their price objective 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, América Móvil currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.15.

América Móvil Stock Down 1.9 %

Shares of América Móvil stock traded down $0.26 during midday trading on Monday, hitting $13.83. The company's stock had a trading volume of 3,279,541 shares, compared to its average volume of 1,659,389. América Móvil, S.A.B. de C.V. has a 1-year low of $13.53 and a 1-year high of $20.31. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $42.18 billion, a P/E ratio of 28.22, a PEG ratio of 0.77 and a beta of 0.79. The stock has a 50-day simple moving average of $14.46 and a 200-day simple moving average of $14.94.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings data 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%. As a group, sell-side analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

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.