IPG Investment Advisors LLC Takes Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

IPG Investment Advisors LLC purchased a new stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 11,716 shares of the Wireless communications provider’s stock, valued at approximately $168,000.

Several other large investors have also recently bought and sold shares of AMX. Sava Infond d.o.o. acquired a new position in shares of América Móvil in the 4th quarter valued at about $286,000. Banco BTG Pactual S.A. grew its position in América Móvil by 56.0% during the fourth quarter. Banco BTG Pactual S.A. now owns 117,008 shares of the Wireless communications provider’s stock valued at $1,674,000 after purchasing an additional 42,008 shares in the last quarter. FCA Corp TX acquired a new position in América Móvil in the 4th quarter valued at approximately $143,000. American Century Companies Inc. lifted its position in América Móvil by 5.8% in the 4th quarter. American Century Companies Inc. now owns 1,069,640 shares of the Wireless communications provider’s stock worth $15,307,000 after buying an additional 58,934 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of América Móvil during the 4th quarter valued at $29,000. 6.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Scotiabank cut their price objective on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group cut their price objective on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.15.

América Móvil Stock Performance

Shares of NYSE AMX opened at $14.41 on Monday. The business’s 50-day simple moving average is $14.41 and its 200-day simple moving average is $15.04. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil, S.A.B. de C.V. has a 52 week low of $13.63 and a 52 week high of $20.31. The firm has a market cap of $43.94 billion, a price-to-earnings ratio of 29.40, a P/E/G ratio of 0.77 and a beta of 0.95.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS 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, equities research analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share 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.