América Móvil, S.A.B. de C.V. (NYSE:AMX) Position Increased by Capital Group Investment Management PTE. LTD.

Capital Group Investment Management PTE. LTD. lifted its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,929 shares of the Wireless communications provider’s stock after acquiring an additional 2,343 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in América Móvil were worth $1,945,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMX. Lee Danner & Bass Inc. acquired a new stake in América Móvil during the 4th quarter valued at $29,000. Spire Wealth Management purchased a new stake in América Móvil in the 4th quarter worth about $32,000. Farther Finance Advisors LLC boosted its position in 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 during the period. R Squared Ltd purchased a new position in América Móvil during the 4th quarter valued at about $49,000. Finally, Raleigh Capital Management Inc. acquired a new position in shares of América Móvil in the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Analyst Ratings Changes

AMX has been the topic of several research reports. HSBC upgraded shares of 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 note on Monday. Hsbc Global Res upgraded América Móvil from a “hold” rating to a “strong-buy” rating in a research note on Monday. JPMorgan Chase & Co. cut their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Scotiabank lowered their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, América Móvil presently has a consensus rating of “Moderate Buy” and an average target price of $17.22.

América Móvil Stock Up 5.8 %

AMX stock opened at $16.11 on Friday. The business’s 50-day simple moving average is $14.48 and its 200 day simple moving average is $14.84. 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 company has a market cap of $49.14 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 0.77 and a beta of 0.79. América Móvil, S.A.B. de C.V. has a twelve month low of $13.10 and a twelve month high of $20.31.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). 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 earnings per share for the current 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.