Silverberg Bernstein Capital Management LLC Purchases Shares of 15,492 América Móvil, S.A.B. de C.V. (NYSE:AMX)

Silverberg Bernstein Capital Management LLC acquired a new stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,492 shares of the Wireless communications provider's stock, valued at approximately $220,000.

A number of other institutional investors have also recently made changes to their positions in AMX. Investors Research Corp lifted its stake in América Móvil by 3.2% in the first quarter. Investors Research Corp now owns 25,701 shares of the Wireless communications provider's stock worth $365,000 after acquiring an additional 800 shares during the period. Farther Finance Advisors LLC lifted its stake 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 acquiring an additional 1,414 shares during the period. Transce3nd LLC purchased a new stake in América Móvil in the fourth quarter worth $26,000. Lee Danner & Bass Inc. purchased a new stake in América Móvil in the fourth quarter worth $29,000. Finally, Blue Trust Inc. lifted its stake 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 acquiring an additional 2,028 shares during the period. Hedge funds and other institutional investors own 6.30% of the company's stock.

Analysts Set New Price Targets

AMX has been the subject of a number of research analyst reports. HSBC raised 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 note on Monday, April 14th. UBS Group lowered América Móvil from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 21st. Scotiabank dropped their price target on 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. Wall Street Zen raised América Móvil from a "hold" rating to a "buy" rating in a research note on Wednesday, May 28th. Finally, Hsbc Global Res raised América Móvil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, América Móvil currently has a consensus rating of "Moderate Buy" and an average price target of $17.22.

América Móvil Stock Up 1.8%

Shares of NYSE:AMX traded up $0.31 on Friday, hitting $16.97. 4,384,410 shares of the company traded hands, compared to its average volume of 1,928,288. América Móvil, S.A.B. de C.V. has a 52 week low of $13.10 and a 52 week high of $18.73. 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 stock has a 50 day simple moving average of $16.35 and a 200-day simple moving average of $15.10. The company has a market cap of $51.49 billion, a PE ratio of 34.62, a PEG ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX - Get Free Report) last released 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). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. The business had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $11.28 billion. As a group, research analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current 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.