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

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

Other large investors also recently modified their holdings of the company. Transce3nd LLC acquired a new stake in shares of América Móvil in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new stake in shares of América Móvil during the fourth quarter worth $29,000. Spire Wealth Management acquired a new position in shares of América Móvil during the fourth quarter valued at $32,000. Parvin Asset Management LLC bought a new position in América Móvil in the fourth quarter valued at about $39,000. Finally, Farther Finance Advisors LLC increased its position 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 purchasing an additional 1,414 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Trading Down 0.3%

Shares of NYSE AMX traded down $0.05 during midday trading on Thursday, reaching $17.33. 2,782,974 shares of the stock were exchanged, compared to its average volume of 1,854,178. América Móvil, S.A.B. de C.V. has a 12 month low of $13.10 and a 12 month high of $20.06. The company has a market capitalization of $52.86 billion, a price-to-earnings ratio of 35.37, 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 current ratio of 0.72 and a quick ratio of 0.67. The business has a 50-day simple moving average of $15.36 and a two-hundred day simple moving average of $14.91.

América Móvil (NYSE:AMX - Get Free Report) last posted 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). 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 for the quarter, compared to the consensus estimate of $11.28 billion. As a group, equities research analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Wall Street Analyst Weigh In

AMX has been the topic of a number of research reports. Hsbc Global Res upgraded shares of América Móvil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. The Goldman Sachs Group reduced their price objective on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. HSBC upgraded shares of América Móvil from a "hold" rating to a "buy" rating and upped their target price for the company from $15.50 to $17.50 in a research report on Monday, April 14th. StockNews.com upgraded América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. Finally, JPMorgan Chase & Co. dropped their price objective on América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.22.

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.