Yousif Capital Management LLC Grows Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Yousif Capital Management LLC lifted its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 45.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 52,239 shares of the Wireless communications provider’s stock after purchasing an additional 16,340 shares during the quarter. Yousif Capital Management LLC’s holdings in América Móvil were worth $967,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its position in shares of América Móvil by 9.3% during the fourth quarter. CWM LLC now owns 18,784 shares of the Wireless communications provider’s stock valued at $348,000 after buying an additional 1,599 shares during the period. Signaturefd LLC lifted its stake in América Móvil by 18.9% in the 4th quarter. Signaturefd LLC now owns 14,202 shares of the Wireless communications provider’s stock worth $263,000 after purchasing an additional 2,253 shares in the last quarter. AIA Group Ltd boosted its holdings in América Móvil by 40.9% in the 4th quarter. AIA Group Ltd now owns 115,594 shares of the Wireless communications provider’s stock valued at $2,141,000 after purchasing an additional 33,564 shares during the period. NewEdge Wealth LLC grew its position in shares of América Móvil by 5.9% during the 4th quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider’s stock valued at $313,000 after purchasing an additional 944 shares in the last quarter. Finally, Cerity Partners LLC bought a new position in shares of América Móvil in the fourth quarter worth $289,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Price Performance

Shares of América Móvil stock opened at $19.34 on Friday. The stock has a market capitalization of $60.05 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96. The company has a fifty day moving average of $18.73 and a 200-day moving average of $18.19. 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 debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.67.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The firm had revenue of $11.45 billion for the quarter, compared to analysts’ expectations of $11.92 billion. Equities research analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Analyst Ratings Changes

AMX has been the subject of several research analyst reports. Scotiabank lifted their price objective on América Móvil from $16.60 to $17.20 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. UBS Group boosted their price objective on América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a report on Tuesday, January 16th. The Goldman Sachs Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $22.00 in a research report on Monday, April 29th. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, Jefferies Financial Group raised shares of América Móvil from a “hold” rating to a “buy” rating and increased their price target for the stock from $19.16 to $22.22 in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, América Móvil has a consensus rating of “Moderate Buy” and an average target price of $22.08.

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.