Choreo LLC Takes $288,000 Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Choreo LLC acquired a new position in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,564 shares of the Wireless communications provider’s stock, valued at approximately $288,000.

Several other large investors also recently modified their holdings of the company. J.P. Morgan Private Wealth Advisors LLC boosted its position in América Móvil by 2.8% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 30,723 shares of the Wireless communications provider’s stock worth $532,000 after purchasing an additional 826 shares during the last quarter. NewEdge Wealth LLC grew its position in América Móvil by 5.9% during the fourth quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider’s stock valued at $313,000 after buying an additional 944 shares during the period. 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 last quarter. CWM LLC raised its position in América Móvil by 9.3% in the fourth quarter. CWM LLC now owns 18,784 shares of the Wireless communications provider’s stock worth $348,000 after acquiring an additional 1,599 shares during the period. Finally, Whittier Trust Co. boosted its stake in shares of América Móvil by 4.0% during the 3rd quarter. Whittier Trust Co. now owns 45,187 shares of the Wireless communications provider’s stock worth $782,000 after acquiring an additional 1,723 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

AMX has been the topic of a number of recent research reports. The Goldman Sachs Group raised América Móvil from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $22.00 in a report on Monday, April 29th. Scotiabank raised their price objective on América Móvil from $16.60 to $17.20 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Jefferies Financial Group upgraded América Móvil from a “hold” rating to a “buy” rating and boosted their price objective for the company from $19.16 to $22.22 in a research note on Friday, February 16th. UBS Group raised their target price on shares of América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, América Móvil currently has an average rating of “Moderate Buy” and a consensus target price of $22.08.

América Móvil Price Performance

Shares of NYSE:AMX opened at $19.34 on Friday. The firm has a market cap of $60.04 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.34 and a beta of 0.96. The firm has a fifty day moving average price of $18.73 and a 200 day moving average price of $18.18. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.99 and a fifty-two week high of $23.07. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.67.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.92 billion. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. As a group, sell-side analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

About América Móvil

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.