International Assets Investment Management LLC Takes $33.60 Million Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

International Assets Investment Management LLC acquired a new stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 181,422 shares of the Wireless communications provider’s stock, valued at approximately $33,600,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in shares of América Móvil by 17.8% in the 3rd quarter. Invesco Ltd. now owns 28,592,356 shares of the Wireless communications provider’s stock valued at $495,220,000 after purchasing an additional 4,322,228 shares during the last quarter. Westwood Global Investments LLC increased its holdings in shares of América Móvil by 2.8% during the 3rd quarter. Westwood Global Investments LLC now owns 15,541,830 shares of the Wireless communications provider’s stock valued at $269,184,000 after acquiring an additional 424,035 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of América Móvil by 9.1% in the 3rd quarter. Lazard Asset Management LLC now owns 11,441,133 shares of the Wireless communications provider’s stock valued at $198,159,000 after acquiring an additional 952,521 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in América Móvil by 152.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 948,193 shares of the Wireless communications provider’s stock worth $16,423,000 after purchasing an additional 572,752 shares during the last quarter. Finally, Sei Investments Co. boosted its position in América Móvil by 15.4% during the third quarter. Sei Investments Co. now owns 874,457 shares of the Wireless communications provider’s stock worth $15,146,000 after purchasing an additional 117,008 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Stock Up 2.5 %

Shares of AMX opened at $19.34 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 stock 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 company has a 50-day moving average price of $18.73 and a two-hundred day moving average price of $18.18. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.83.

América Móvil (NYSE:AMX) last posted its earnings results 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. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The business had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.92 billion. Equities analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMX. The Goldman Sachs Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $21.00 to $22.00 in a research note on Monday, April 29th. JPMorgan Chase & Co. raised their price target on América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research report on Monday, April 1st. Scotiabank boosted their price objective on América Móvil from $16.60 to $17.20 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. UBS Group raised their target price on América Móvil from $21.00 to $22.80 and gave the company a “buy” rating in a report on Tuesday, January 16th. Finally, Jefferies Financial Group upgraded América Móvil from a “hold” rating to a “buy” rating and upped 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, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.08.

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.