Capital International Investors Acquires 5,627,860 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Capital International Investors grew its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMXFree Report) by 9.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 62,598,018 shares of the Wireless communications provider’s stock after purchasing an additional 5,627,860 shares during the period. Capital International Investors’ holdings in América Móvil were worth $1,158,783,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AMX. NBC Securities Inc. bought a new position in shares of América Móvil during the third quarter valued at $31,000. Quantbot Technologies LP acquired a new stake in shares of América Móvil during the third quarter worth $717,000. J.P. Morgan Private Wealth Advisors LLC increased its position in shares of América Móvil by 2.8% during 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 buying an additional 826 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of América Móvil by 28.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,762 shares of the Wireless communications provider’s stock worth $221,000 after buying an additional 2,853 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in shares of América Móvil by 46.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 284,041 shares of the Wireless communications provider’s stock worth $4,920,000 after buying an additional 90,249 shares during the period. Institutional investors own 6.30% of the company’s stock.

América Móvil Stock Up 1.1 %

Shares of América Móvil stock traded up $0.20 during trading hours on Wednesday, reaching $18.02. The company’s stock had a trading volume of 1,587,823 shares, compared to its average volume of 1,455,323. América Móvil, S.A.B. de C.V. has a one year low of $15.99 and a one year high of $22.85. The company has a market capitalization of $55.95 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.03 and a beta of 0.95. The stock’s fifty day simple moving average is $18.94 and its two-hundred day simple moving average is $18.57. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65.

América Móvil (NYSE:AMXGet Free Report) last released its quarterly earnings data on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). América Móvil had a net margin of 7.28% and a return on equity of 13.93%. The business had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.96 billion. On average, research analysts forecast that América Móvil, S.A.B. de C.V. will post 1.41 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMX. JPMorgan Chase & Co. increased their price objective on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research report on Monday, April 1st. The Goldman Sachs Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $21.00 to $22.00 in a research report on Monday, April 29th. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Jefferies Financial Group upgraded shares of América Móvil from a “hold” rating to a “buy” rating and raised their price target for the stock from $19.16 to $22.22 in a report on Friday, February 16th. Finally, Scotiabank raised their price target on shares of América Móvil from $16.60 to $17.20 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.47.

Get Our Latest Analysis on AMX

América Móvil Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for América Móvil, S.A.B. de C.V. (NYSE:AMXFree Report).

Institutional Ownership by Quarter for América Móvil (NYSE:AMX)

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