Raiffeisen Bank International AG Invests $494,000 in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Raiffeisen Bank International AG bought a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 34,920 shares of the Wireless communications provider's stock, valued at approximately $494,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of America Corp DE increased its stake in América Móvil by 278.8% in the fourth quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock valued at $146,191,000 after purchasing an additional 7,519,147 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of América Móvil by 12.6% during the 4th quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock worth $201,621,000 after buying an additional 1,571,290 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of América Móvil in the 4th quarter valued at $16,791,000. Wellington Management Group LLP purchased a new position in shares of América Móvil in the 4th quarter valued at $15,149,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in América Móvil by 115.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock worth $28,065,000 after acquiring an additional 1,050,203 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

América Móvil Stock Performance

Shares of AMX traded up $0.08 during mid-day trading on Friday, hitting $17.55. 343,432 shares of the company's stock were exchanged, compared to its average volume of 1,895,483. 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, S.A.B. de C.V. has a fifty-two week low of $13.10 and a fifty-two week high of $19.79. The business's 50 day moving average is $15.72 and its two-hundred day moving average is $14.97. The firm has a market capitalization of $53.25 billion, a P/E ratio of 35.83, a P/E/G ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $11.36 billion during the quarter, compared to analysts' expectations of $11.28 billion. América Móvil had a net margin of 3.25% and a return on equity of 6.38%. On average, equities analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AMX shares. Wall Street Zen began coverage on shares of América Móvil in a research note on Tuesday. They issued a "strong-buy" rating for the company. Scotiabank reduced 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. UBS Group downgraded América Móvil from a "buy" rating to a "neutral" rating in a research note on Wednesday. The Goldman Sachs Group cut their price target on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Finally, Hsbc Global Res raised América Móvil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.22.

América Móvil 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.