Boston Partners Invests $2.21 Million in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Boston Partners purchased a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 154,509 shares of the Wireless communications provider’s stock, valued at approximately $2,211,000.

Several other large investors have also recently bought and sold shares of AMX. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of América Móvil by 76.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock worth $12,043,000 after acquiring an additional 317,800 shares during the period. Citigroup Inc. grew its holdings in América Móvil by 32.5% in the 3rd quarter. Citigroup Inc. now owns 221,008 shares of the Wireless communications provider’s stock valued at $3,616,000 after buying an additional 54,245 shares in the last quarter. FMR LLC increased its position in América Móvil by 125.6% during the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock worth $1,073,000 after buying an additional 36,520 shares during the period. FORA Capital LLC acquired a new stake in shares of América Móvil during the third quarter worth $519,000. Finally, Hantz Financial Services Inc. boosted its position in shares of América Móvil by 3.0% in the third quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider’s stock valued at $1,205,000 after acquiring an additional 2,177 shares during the period. 6.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

América Móvil Stock Performance

Shares of América Móvil stock opened at $14.09 on Friday. 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 company has a market cap of $42.96 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. The company has a 50 day moving average of $14.37 and a 200-day moving average of $15.12. 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 earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. As a group, equities research analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

América Móvil 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.