Raymond James Financial Inc. Makes New Investment in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Raymond James Financial Inc. acquired a new stake in 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 Securities and Exchange Commission (SEC). The fund acquired 96,864 shares of the Wireless communications provider's stock, valued at approximately $1,386,000.

A number of other hedge funds have also recently made changes to their positions in AMX. Lee Danner & Bass Inc. purchased a new position in shares of América Móvil during the fourth quarter valued at about $29,000. Spire Wealth Management purchased a new stake in shares of América Móvil during the 4th quarter worth approximately $32,000. Farther Finance Advisors LLC raised its holdings in shares of América Móvil by 82.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock worth $45,000 after acquiring an additional 1,414 shares in the last quarter. R Squared Ltd bought a new position in shares of América Móvil during the 4th quarter valued at approximately $49,000. Finally, Raleigh Capital Management Inc. bought a new stake in América Móvil in the fourth quarter worth $57,000. Institutional investors own 6.30% of the company's stock.

América Móvil Stock Up 1.2 %

AMX stock traded up $0.20 during trading on Tuesday, hitting $17.19. 1,964,151 shares of the company's stock traded hands, compared to its average volume of 1,842,535. The firm has a market capitalization of $52.44 billion, a P/E ratio of 35.09, a PEG ratio of 0.77 and a beta of 0.82. América Móvil, S.A.B. de C.V. has a 1 year low of $13.10 and a 1 year high of $20.31. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The business has a fifty day simple moving average of $14.98 and a two-hundred day simple moving average of $14.86.

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

Analyst Ratings Changes

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

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.