Janney Montgomery Scott LLC Has $673,000 Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Janney Montgomery Scott LLC decreased its stake in América Móvil, S.A.B. de C.V. (NYSE:AMXFree Report) by 5.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,329 shares of the Wireless communications provider’s stock after selling 2,165 shares during the quarter. Janney Montgomery Scott LLC’s holdings in América Móvil were worth $673,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AMX. Envestnet Portfolio Solutions Inc. boosted its position in América Móvil by 2.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider’s stock worth $400,000 after acquiring an additional 587 shares during the period. J.P. Morgan Private Wealth Advisors LLC boosted its position in América Móvil by 2.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 30,723 shares of the Wireless communications provider’s stock worth $532,000 after acquiring an additional 826 shares during the period. NewEdge Wealth LLC boosted its position in América Móvil by 5.9% during the 4th quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider’s stock worth $313,000 after acquiring an additional 944 shares during the period. Vestmark Advisory Solutions Inc. boosted its position in América Móvil by 7.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 16,797 shares of the Wireless communications provider’s stock worth $311,000 after acquiring an additional 1,133 shares during the period. Finally, CWM LLC boosted its position in América Móvil by 9.3% during the 4th quarter. CWM LLC now owns 18,784 shares of the Wireless communications provider’s stock worth $348,000 after acquiring an additional 1,599 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

América Móvil Stock Down 2.0 %

AMX opened at $18.54 on Monday. The business has a 50 day moving average price of $18.97 and a 200 day moving average price of $18.57. América Móvil, S.A.B. de C.V. has a twelve month low of $15.99 and a twelve month high of $22.85. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65. The firm has a market cap of $57.57 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.11 and a beta of 0.96.

América Móvil (NYSE:AMXGet Free Report) last posted its earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.17). América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The company had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.96 billion. Research analysts forecast that América Móvil, S.A.B. de C.V. will post 1.41 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on AMX shares. The Goldman Sachs Group upgraded América Móvil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $22.00 in a research report on Monday, April 29th. Jefferies Financial Group upgraded 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 report on Friday, February 16th. Scotiabank lifted their price target on América Móvil from $16.60 to $17.20 and gave the company a “sector perform” rating in a report on Thursday, April 25th. StockNews.com upgraded América Móvil from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. lifted their price target on América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.47.

View Our Latest Report on América Móvil

América Móvil Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for América Móvil (NYSE:AMX)

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