Lazard Asset Management LLC Raises Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Lazard Asset Management LLC increased its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 12.6% in the 4th quarter, HoldingsChannel reports. The fund owned 14,089,624 shares of the Wireless communications provider’s stock after purchasing an additional 1,571,290 shares during the period. Lazard Asset Management LLC’s holdings in América Móvil were worth $201,621,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Transce3nd LLC purchased a new position in América Móvil in the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new position in shares of América Móvil in the fourth quarter valued at $29,000. Spire Wealth Management bought a new stake in shares of América Móvil during the 4th quarter valued at $32,000. Parvin Asset Management LLC bought a new stake in shares of América Móvil during the fourth quarter valued at about $39,000. Finally, Farther Finance Advisors LLC boosted its position in shares of 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 valued at $45,000 after acquiring an additional 1,414 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Stock Up 0.8%

Shares of NYSE:AMX opened at $17.00 on Monday. The firm has a market capitalization of $51.85 billion, a P/E ratio of 34.69, 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 quick ratio of 0.67 and a current ratio of 0.72. The stock has a 50 day moving average price of $15.20 and a 200-day moving average price of $14.87. América Móvil, S.A.B. de C.V. has a 52-week low of $13.10 and a 52-week high of $20.31.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (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 business had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $11.28 billion. As a group, equities research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMX has been the subject of several analyst reports. StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 15th. Scotiabank reduced their target price on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group lowered their price target on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Hsbc Global Res raised América Móvil from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note 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 stock currently has a consensus rating of “Moderate Buy” and an average price target 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.