96,864 Shares in América Móvil, S.A.B. de C.V. (NYSE:AMX) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 96,864 shares of the Wireless communications provider's stock, valued at approximately $1,386,000.

A number of other hedge funds also recently made changes to their positions in AMX. Wellington Management Group LLP acquired a new position in shares of América Móvil during the fourth quarter worth $15,149,000. Robeco Institutional Asset Management B.V. increased its holdings in América Móvil by 115.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock valued at $28,065,000 after purchasing an additional 1,050,203 shares during the period. ABC Arbitrage SA bought a new position in América Móvil during the 4th quarter worth $14,238,000. Russell Investments Group Ltd. raised its position in shares of América Móvil by 373.5% during the fourth quarter. Russell Investments Group Ltd. now owns 809,021 shares of the Wireless communications provider's stock worth $11,577,000 after acquiring an additional 638,159 shares during the last quarter. Finally, Boston Partners acquired a new position in shares of América Móvil in the fourth quarter worth approximately $2,211,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AMX shares. JPMorgan Chase & Co. lowered their price target on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. Scotiabank reduced their price objective on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group cut their price objective 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. StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. Finally, HSBC raised shares of América Móvil from a "hold" rating to a "buy" rating and boosted their price target for the company from $15.50 to $17.50 in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $17.22.

América Móvil Trading Up 0.9 %

NYSE:AMX traded up $0.16 during trading hours on Friday, hitting $17.02. The company had a trading volume of 213,064 shares, compared to its average volume of 1,834,422. The stock has a 50-day moving average price of $15.15 and a 200 day moving average price of $14.89. América Móvil, S.A.B. de C.V. has a 52 week low of $13.10 and a 52 week high of $20.31. 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 company has a market capitalization of $51.91 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX - Get Free Report) last issued 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 company had revenue of $11.36 billion during the quarter, compared to analysts' expectations of $11.28 billion. On average, equities research analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

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 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.