América Móvil, S.A.B. de C.V. (NYSE:AMX) Stake Boosted by NewEdge Wealth LLC

NewEdge Wealth LLC increased its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 5.9% during the fourth quarter, HoldingsChannel reports. The firm owned 16,900 shares of the Wireless communications provider’s stock after acquiring an additional 944 shares during the period. NewEdge Wealth LLC’s holdings in América Móvil were worth $313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. SVB Wealth LLC grew its stake in América Móvil by 6.1% during the 1st quarter. SVB Wealth LLC now owns 10,749 shares of the Wireless communications provider’s stock valued at $226,000 after acquiring an additional 618 shares in the last quarter. HighTower Advisors LLC grew its stake in América Móvil by 3.8% during the 1st quarter. HighTower Advisors LLC now owns 17,406 shares of the Wireless communications provider’s stock valued at $367,000 after acquiring an additional 640 shares in the last quarter. Cerity Partners LLC grew its stake in América Móvil by 3.9% during the 1st quarter. Cerity Partners LLC now owns 18,165 shares of the Wireless communications provider’s stock valued at $382,000 after acquiring an additional 679 shares in the last quarter. LPL Financial LLC grew its stake in América Móvil by 0.8% during the 3rd quarter. LPL Financial LLC now owns 84,272 shares of the Wireless communications provider’s stock valued at $1,460,000 after acquiring an additional 685 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in América Móvil by 13.3% during the 4th quarter. Advisors Asset Management Inc. now owns 6,776 shares of the Wireless communications provider’s stock valued at $123,000 after acquiring an additional 798 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Stock Performance

Shares of NYSE:AMX opened at $18.03 on Thursday. The business’s fifty day moving average price is $18.56 and its two-hundred day moving average price is $18.05. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.99 and a fifty-two week high of $23.07. The stock has a market capitalization of $56.34 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.67 and a quick ratio of 0.63.

América Móvil (NYSE:AMX) last announced its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. The company had revenue of $11.45 billion for the quarter, compared to analysts’ expectations of $11.92 billion. América Móvil had a return on equity of 18.02% and a net margin of 9.18%. As a group, analysts predict that América Móvil, S.A.B. de C.V. will post 1.56 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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 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.