Silverberg Bernstein Capital Management LLC Makes New Investment in América Móvil, S.A.B. de C.V. (NYSE:AMX)

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transce3nd LLC acquired a new stake in shares of América Móvil in the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new position in América Móvil in the 4th quarter valued at approximately $29,000. Spire Wealth Management acquired a new stake in América Móvil in the fourth quarter valued at approximately $32,000. Parvin Asset Management LLC bought a new stake in shares of América Móvil during the fourth quarter worth $39,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of América Móvil by 82.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock worth $45,000 after buying an additional 1,414 shares in the last quarter. Institutional investors own 6.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AMX shares. Scotiabank cut their price objective on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. UBS Group downgraded América Móvil from a "buy" rating to a "neutral" rating in a research report on Wednesday, May 21st. HSBC upgraded América Móvil from a "hold" rating to a "buy" rating and boosted their price target for the stock from $15.50 to $17.50 in a report on Monday, April 14th. Wall Street Zen upgraded shares of América Móvil from a "hold" rating to a "buy" rating in a report on Wednesday, May 28th. Finally, The Goldman Sachs Group reduced their target price on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $17.22.

América Móvil Trading Down 1.4%

Shares of AMX traded down $0.23 during mid-day trading on Wednesday, reaching $16.80. 1,709,580 shares of the company were exchanged, compared to its average volume of 1,920,418. The business has a 50 day simple moving average of $16.20 and a two-hundred day simple moving average of $15.07. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The stock has a market capitalization of $50.99 billion, a PE ratio of 34.29, a PEG ratio of 0.77 and a beta of 0.82. América Móvil, S.A.B. de C.V. has a 52 week low of $13.10 and a 52 week high of $18.73.

América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (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 firm had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $11.28 billion. On average, analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal 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.