American Century Companies Inc. Acquires 58,934 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

American Century Companies Inc. increased its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,069,640 shares of the Wireless communications provider’s stock after acquiring an additional 58,934 shares during the quarter. American Century Companies Inc.’s holdings in América Móvil were worth $15,307,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMX. Lee Danner & Bass Inc. acquired a new stake in América Móvil in the fourth quarter worth $29,000. Spire Wealth Management acquired a new stake in shares of América Móvil in the 4th quarter valued at about $32,000. Farther Finance Advisors LLC increased its position in América Móvil by 82.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock valued at $45,000 after buying an additional 1,414 shares in the last quarter. R Squared Ltd acquired a new position in América Móvil during the 4th quarter worth approximately $49,000. Finally, Raleigh Capital Management Inc. acquired a new position in América Móvil during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMX. JPMorgan Chase & Co. decreased their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group decreased their price target on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a research note on Wednesday, February 19th. StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 15th. Finally, Scotiabank decreased their target price on shares of 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.15.

América Móvil Price Performance

Shares of NYSE:AMX opened at $14.22 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The stock has a market cap of $43.36 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. The stock’s fifty day simple moving average is $14.42 and its two-hundred day simple moving average is $15.03. América Móvil, S.A.B. de C.V. has a 1-year low of $13.63 and a 1-year high of $20.31.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share 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%. As a group, analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal 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 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.