Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Rating) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $22.10.
Several research firms have issued reports on AMX. Barclays lowered their target price on shares of América Móvil from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, October 17th. UBS Group cut shares of América Móvil from a “buy” rating to a “neutral” rating and increased their target price for the stock from $20.40 to $22.50 in a research note on Monday, November 28th. StockNews.com cut shares of América Móvil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 19th. Finally, The Goldman Sachs Group lowered their price objective on shares of América Móvil from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th.
Hedge Funds Weigh In On América Móvil
A number of hedge funds and other institutional investors have recently modified their holdings of AMX. IFP Advisors Inc raised its position in América Móvil by 11.7% during the 3rd quarter. IFP Advisors Inc now owns 4,837 shares of the Wireless communications provider’s stock valued at $92,000 after purchasing an additional 505 shares during the last quarter. HighTower Advisors LLC raised its position in shares of América Móvil by 3.8% in the 1st quarter. HighTower Advisors LLC now owns 17,406 shares of the Wireless communications provider’s stock worth $367,000 after acquiring an additional 640 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of América Móvil by 16.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 5,996 shares of the Wireless communications provider’s stock worth $122,000 after acquiring an additional 836 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in shares of América Móvil by 95.2% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,745 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 851 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of América Móvil by 2.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 36,847 shares of the Wireless communications provider’s stock worth $607,000 after acquiring an additional 858 shares in the last quarter. 5.55% of the stock is currently owned by hedge funds and other institutional investors.
América Móvil Stock Performance
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 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.
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