Bank of America Corp DE lifted its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 278.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,216,018 shares of the Wireless communications provider's stock after purchasing an additional 7,519,147 shares during the quarter. Bank of America Corp DE owned about 0.33% of América Móvil worth $146,191,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Transce3nd LLC acquired a new stake in shares of América Móvil during the fourth quarter worth $26,000. Lee Danner & Bass Inc. acquired a new stake in América Móvil during the 4th quarter worth about $29,000. Spire Wealth Management purchased a new stake in América Móvil during the 4th quarter valued at about $32,000. Parvin Asset Management LLC acquired a new position in shares of América Móvil in the fourth quarter valued at about $39,000. Finally, Farther Finance Advisors LLC raised its stake in shares of 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. Hedge funds and other institutional investors own 6.30% of the company's stock.
América Móvil Stock Performance
AMX opened at $17.00 on Friday. The company has a market cap of $51.85 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 0.77 and a beta of 0.82. The firm's fifty day simple moving average is $15.20 and its two-hundred day simple moving average is $14.90. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. América Móvil, S.A.B. de C.V. has a 52-week low of $13.10 and a 52-week high of $20.31.
América Móvil (NYSE:AMX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $11.36 billion for the quarter, compared to analysts' expectations of $11.28 billion. América Móvil had a return on equity of 6.38% and a net margin of 3.25%. Equities analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have issued reports on AMX shares. HSBC raised shares of América Móvil from a "hold" rating to a "buy" rating and raised their price target for the stock from $15.50 to $17.50 in a research report on Monday, April 14th. StockNews.com raised América Móvil from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 15th. JPMorgan Chase & Co. dropped their price objective on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group decreased their target price on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Finally, Scotiabank decreased 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 report on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.22.
Check Out Our Latest Research Report on América Móvil
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.
Further Reading
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