Wealth Enhancement Advisory Services LLC Increases Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Wealth Enhancement Advisory Services LLC raised its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 86.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,800 shares of the Wireless communications provider’s stock after buying an additional 14,290 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in América Móvil were worth $441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in América Móvil in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of América Móvil during the fourth quarter worth approximately $29,000. Parvin Asset Management LLC acquired a new stake in América Móvil in the fourth quarter valued at approximately $39,000. Farther Finance Advisors LLC raised its holdings in América Móvil by 82.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock valued at $45,000 after acquiring an additional 1,414 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in América Móvil in the fourth quarter worth approximately $74,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Price Performance

Shares of AMX opened at $17.34 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil, S.A.B. de C.V. has a 1-year low of $13.10 and a 1-year high of $18.73. The stock has a market cap of $52.63 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 0.77 and a beta of 0.78. The firm has a fifty day moving average price of $16.57 and a 200 day moving average price of $15.16.

América Móvil (NYSE:AMX) last posted its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $11.28 billion. América Móvil had a net margin of 3.25% and a return on equity of 6.38%. As a group, sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AMX shares. The Goldman Sachs Group reduced their price objective on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Hsbc Global Res upgraded América Móvil from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Scotiabank decreased their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a report on Thursday, February 13th. HSBC upgraded América Móvil from a “hold” rating to a “buy” rating and increased their price objective for the company from $15.50 to $17.50 in a report on Monday, April 14th. Finally, Wall Street Zen raised América Móvil from a “hold” rating to a “buy” rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.22.

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 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.