Sequoia Financial Advisors LLC Raises Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Sequoia Financial Advisors LLC boosted its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,749 shares of the Wireless communications provider’s stock after buying an additional 2,134 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in América Móvil were worth $255,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. purchased a new position in América Móvil during the second quarter valued at approximately $28,000. Financial Freedom LLC purchased a new position in América Móvil during the fourth quarter valued at approximately $28,000. Allworth Financial LP increased its holdings in América Móvil by 198.8% during the third quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 1,203 shares during the period. NBC Securities Inc. purchased a new position in América Móvil during the third quarter valued at approximately $31,000. Finally, Motco purchased a new position in América Móvil during the third quarter valued at approximately $36,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AMX shares. UBS Group lifted their price target on shares of América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a report on Tuesday, January 16th. The Goldman Sachs Group lifted their price target on shares of América Móvil from $19.50 to $21.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. JPMorgan Chase & Co. lifted their price target on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a report on Monday, April 1st. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Finally, Jefferies Financial Group raised shares of América Móvil from a “hold” rating to a “buy” rating and lifted their price target for the stock from $19.16 to $22.22 in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.57.

América Móvil Trading Up 2.9 %

NYSE:AMX opened at $18.26 on Friday. América Móvil, S.A.B. de C.V. has a 12 month low of $15.99 and a 12 month high of $23.07. The firm has a fifty day simple moving average of $18.59 and a 200-day simple moving average of $18.05. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $57.06 billion, a P/E ratio of 13.63, a PEG ratio of 1.22 and a beta of 0.98.

América Móvil (NYSE:AMX) last posted its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. The business had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.92 billion. América Móvil had a net margin of 9.18% and a return on equity of 18.02%. On average, equities research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.56 earnings per share for the current year.

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 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.