Raymond James & Associates Reduces Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Raymond James & Associates lowered its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,309 shares of the Wireless communications provider’s stock after selling 4,835 shares during the period. Raymond James & Associates’ holdings in América Móvil were worth $3,636,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in shares of América Móvil by 152.3% during the fourth quarter. SG Americas Securities LLC now owns 15,444 shares of the Wireless communications provider’s stock valued at $286,000 after buying an additional 9,323 shares during the period. Sound Income Strategies LLC boosted its position in shares of América Móvil by 1,729.5% during the fourth quarter. Sound Income Strategies LLC now owns 2,415 shares of the Wireless communications provider’s stock valued at $45,000 after buying an additional 2,283 shares during the period. Vanguard Group Inc. purchased a new position in shares of América Móvil during the third quarter valued at approximately $3,592,000. Deutsche Bank AG purchased a new position in shares of América Móvil during the third quarter valued at approximately $4,247,000. Finally, Creative Planning boosted its position in shares of América Móvil by 8.2% during the third quarter. Creative Planning now owns 151,126 shares of the Wireless communications provider’s stock valued at $2,618,000 after buying an additional 11,484 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research report on Monday, April 1st. Jefferies Financial Group raised shares of América Móvil from a “hold” rating to a “buy” rating and lifted their price target for the company from $19.16 to $22.22 in a research note on Friday, February 16th. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. The Goldman Sachs Group lifted their price target on shares of América Móvil from $19.50 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Finally, UBS Group lifted their price target on shares of América Móvil from $21.00 to $22.80 and gave the company a “buy” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, América Móvil currently has an average rating of “Moderate Buy” and an average price target of $22.57.

América Móvil Stock Performance

Shares of NYSE:AMX opened at $18.06 on Friday. The company has a market capitalization of $56.44 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 1.49 and a beta of 0.98. América Móvil, S.A.B. de C.V. has a 52 week low of $15.99 and a 52 week high of $23.07. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average of $18.55 and a 200 day moving average of $18.02.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The company had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.92 billion. América Móvil had a net margin of 9.18% and a return on equity of 18.02%. On average, sell-side analysts predict that América Móvil, S.A.B. de C.V. will post 1.54 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 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.