Lazard Asset Management LLC Purchases 1,571,290 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Lazard Asset Management LLC lifted its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,089,624 shares of the Wireless communications provider's stock after buying an additional 1,571,290 shares during the period. Lazard Asset Management LLC owned approximately 0.46% of América Móvil worth $201,621,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMX. 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 buying an additional 1,414 shares during the period. Transce3nd LLC bought a new stake in América Móvil during the 4th quarter valued at approximately $26,000. Gateway Investment Advisers LLC raised its stake in América Móvil by 17.3% during the 4th quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider's stock valued at $184,000 after purchasing an additional 1,893 shares during the period. Lee Danner & Bass Inc. bought a new stake in América Móvil during the 4th quarter valued at approximately $29,000. Finally, Blue Trust Inc. raised its stake in América Móvil by 57.8% during the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock valued at $79,000 after purchasing an additional 2,028 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Trading Down 0.4%

América Móvil stock traded down $0.07 during mid-day trading on Friday, hitting $17.26. The company's stock had a trading volume of 1,770,800 shares, compared to its average volume of 1,857,735. The company has a 50 day moving average of $15.47 and a 200-day moving average of $14.92. The stock has a market cap of $52.63 billion, a PE ratio of 35.21, a P/E/G ratio of 0.77 and a beta of 0.82. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil, S.A.B. de C.V. has a one year low of $13.10 and a one year high of $20.06.

América Móvil (NYSE:AMX - Get Free Report) last announced 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 business had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $11.28 billion. América Móvil had a net margin of 3.25% and a return on equity of 6.38%. On average, research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on AMX. HSBC raised América Móvil from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. StockNews.com raised América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. The Goldman Sachs Group cut their target price 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. Scotiabank cut their target price on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research report on Thursday, February 13th. 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 analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.22.

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.