Cwm LLC Increases Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Cwm LLC increased its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,784 shares of the Wireless communications provider’s stock after acquiring an additional 1,599 shares during the quarter. Cwm LLC’s holdings in América Móvil were worth $348,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Invesco Ltd. increased its holdings in shares of América Móvil by 17.8% in the 3rd quarter. Invesco Ltd. now owns 28,592,356 shares of the Wireless communications provider’s stock valued at $495,220,000 after purchasing an additional 4,322,228 shares in the last quarter. Westwood Global Investments LLC increased its holdings in shares of América Móvil by 2.8% in the 3rd quarter. Westwood Global Investments LLC now owns 15,541,830 shares of the Wireless communications provider’s stock valued at $269,184,000 after purchasing an additional 424,035 shares in the last quarter. Lazard Asset Management LLC grew its stake in América Móvil by 9.1% in the 3rd quarter. Lazard Asset Management LLC now owns 11,441,133 shares of the Wireless communications provider’s stock valued at $198,159,000 after acquiring an additional 952,521 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in América Móvil by 152.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 948,193 shares of the Wireless communications provider’s stock valued at $16,423,000 after acquiring an additional 572,752 shares during the last quarter. Finally, Sei Investments Co. grew its stake in América Móvil by 15.4% in the 3rd quarter. Sei Investments Co. now owns 874,457 shares of the Wireless communications provider’s stock valued at $15,146,000 after acquiring an additional 117,008 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Price Performance

AMX opened at $18.87 on Friday. The company’s 50 day simple moving average is $18.73 and its 200 day simple moving average is $18.18. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.67. América Móvil, S.A.B. de C.V. has a 1 year low of $15.99 and a 1 year high of $23.07. The stock has a market capitalization of $58.59 billion, a PE ratio of 17.47, a P/E/G ratio of 1.34 and a beta of 0.96.

América Móvil (NYSE:AMX) last released its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.08. América Móvil had a net margin of 7.28% and a return on equity of 14.07%. The business had revenue of $11.45 billion for the quarter, compared to analysts’ expectations of $11.92 billion. As a group, sell-side analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group increased their price objective 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. Jefferies Financial Group raised shares of América Móvil from a “hold” rating to a “buy” rating and increased their price objective for the company from $19.16 to $22.22 in a research note on Friday, February 16th. JPMorgan Chase & Co. increased their price objective on shares of 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 raised shares of América Móvil from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $22.00 in a research note on Monday. Finally, StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.08.

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 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.