International Assets Investment Management LLC Takes $33.60 Million Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

International Assets Investment Management LLC acquired a new stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 181,422 shares of the Wireless communications provider's stock, valued at approximately $33,600,000.

Several other large investors have also bought and sold shares of the stock. UBS Asset Management Americas Inc. bought a new stake in shares of América Móvil during the 2nd quarter worth $28,000. Financial Freedom LLC bought a new stake in shares of América Móvil during the 4th quarter worth $28,000. Allworth Financial LP raised its stake in shares of América Móvil by 198.8% during the 3rd quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider's stock worth $31,000 after purchasing an additional 1,203 shares during the period. NBC Securities Inc. bought a new stake in shares of América Móvil during the 3rd quarter worth $31,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of América Móvil by 1,425.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,876 shares of the Wireless communications provider's stock worth $39,000 after purchasing an additional 1,753 shares during the period. 6.30% of the stock is currently owned by institutional investors.

América Móvil Price Performance

AMX stock traded down $0.45 during mid-day trading on Wednesday, reaching $18.49. 1,006,379 shares of the company traded hands, compared to its average volume of 1,412,659. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.67 and a quick ratio of 0.63. The company has a market capitalization of $57.78 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.54 and a beta of 0.98. América Móvil, S.A.B. de C.V. has a 52-week low of $15.99 and a 52-week high of $23.07. The company has a fifty day moving average price of $18.55 and a 200-day moving average price of $18.01.

América Móvil (NYSE:AMX - Get Free Report) last posted its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.08. The business had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.92 billion. América Móvil had a return on equity of 18.02% and a net margin of 9.18%. As a group, analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AMX shares. Jefferies Financial Group upgraded América Móvil from a "hold" rating to a "buy" rating and lifted their target price for the stock from $19.16 to $22.22 in a research note on Friday, February 16th. StockNews.com upgraded América Móvil from a "hold" rating to a "buy" rating in a research note on Thursday, February 15th. The Goldman Sachs Group boosted their price objective on América Móvil from $19.50 to $21.00 and gave the company a "neutral" rating in a research note on Monday, February 26th. UBS Group boosted their price objective on América Móvil from $21.00 to $22.80 and gave the company a "buy" rating in a research note on Tuesday, January 16th. Finally, JPMorgan Chase & Co. boosted their price objective on América Móvil from $15.00 to $17.50 and gave the company an "underweight" rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, América Móvil presently has an average rating of "Moderate Buy" and an average target price of $22.57.

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 also 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.